assets under management

Capitalmind receives SEBI’s in-principle nod to launch a mutual fund

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Capitalmind receives SEBI’s in-principle nod to launch a mutual fund

Bengaluru-based investment management firm Capitalmind Financial Services Private Limited has received in-principle approval from the Securities and Exchange Board of India (SEBI) to launch new mutual fund. According to a company press release, this milestone occurred simultaneously with the company’s 10th anniversary. “Receiving SEBI’s in-principle approval for a mutual fund is both an honour and … Read more

AMFI allows distributors to earn trail commission on switched AUM

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AMFI allows distributors to earn trail commission on switched AUM

In a best-practices circular released on Tuesday, the Association of Mutual Funds in (AMFI) India said distributors can now earn trail commission on assets under management (AUM) switched to them by investors. Previously, AMCs withheld this commission to discourage unhealthy competition among distributors. However, the industry body has stipulated a cooling-off period of six months. … Read more