Doesn't discuss charges against Buch, takes up staff protest
Forensic audit of fund houses will boost confidence
Issues discussion paper proposing radical changes on ownership structures
Nearly 40% NFOs filed since July are for these passive debt funds
In a circular in October 2021, Sebi had stated that pooling of funds or units by stockbrokers and clearing members in any form or manner shall be discontinued for all mutual fund transactions
Axis MF, Navi MF and Mirae Asset MF are among fund houses to roll out passive funds focused on mid- and small-cap themes.
Shares feel the pressure as analysts cut earnings estimates
Sebi may raise the industry-wide limit from $7 bn to $12-15 bn
This comes a day after Sebi tweaked the compensation circular, first issued in April, mandating fund houses to pay 20 per cent of the CTC to their key employees in the form of MF units
Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme
Sebi has moved SC against June 28 order of SAT which stayed its decision to bar Franklin Templeton from launching new debt schemes for two years and had asked the fund house to refund over Rs 512 cr
In active funds, you may miss out on potential winners if focus is only on expense ratio
The fund house's average asset under management (AAUM) rose to Rs 5.04 trillion in 2020-21 from Rs 3.73 trillion in the preceding fiscal
Fund houses like Nippon Life India MF, Kotak MF, Aditya Birla Sun Life MF, among others, have filed offer documents with Sebi to launch these popular close-ended debt schemes
The latest regime directs companies to make investors' call recording public with transcription
There is also uncertainty on whether investors will be able to adjust the cost of acquisition of the units and avail of indexation benefits
The fund house has more branches, workforce, and number of customers at its disposal thanks to the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) last year
The regulator has also quadrupled the quantum of investment that individual fund houses can make in overseas exchange traded funds to $200 million from $50 million at present
20 top funds, India Inc brass to attend roundtable
Wait until your fund house communicates a change of mandate before you decide on your course of action