Page 3 - Amfi

Mis-selling, dividend tax change spur outflows from hybrid funds

Last year, the category saw outflows of over Rs 24,000 crore, data from the Association of Mutual Funds in India (Amfi) shows

Equity schemes see outflow for 6th month on surge in profit-booking

Outflows surpassed Rs 33K crore between July and December

Sebi exempts fund managers from placing orders for passive trades

A fund manager can now authorise an AMC employee to place an order on his behalf provided the order instructions are through the electronic mode, including email, and audit trail is maintained

Tax parity with ULIPs tops Afmi's wish list ahead of Union Budget

Amfi has reiterated its long-standing demand of bringing parity in tax treatment between MFs and unit-linked insurance plans (ULIPs), both of which are investment products and invest in securities

Fifth month of pull out from equity MFs, redemption at Rs 12,917 cr

November outflow at record high even as overall AUM tops Rs 30 trn milestone on sharp run up in stock markets and positive flows into debt category

Several MF distributors may have to go for name change after Amfi diktat

Amfi has barred them from using nomenclatures that have references to advisors, following Sebi move to separate distribution and advisory for the Rs 27-trillion industry

Cut-off time for equity MFs to be restored from Monday, says Amfi

Capital markets regulator Sebi will restore the cut-off timing for buying and selling of equity mutual fund units to 3 pm from Monday, according to industry body Amfi.

No proposal to Sebi for new index, will follow cap on stock norms: Amfi

Amfi said that whenever any mutual fund (MF) launches a scheme, the fund house chooses an appropriate benchmark index that reflects the composition of the scheme's portfolio

Street signs: A breather before a new high, Parag Milk on HNI radar & more

The slew of regulatory changes has kept the mutual fund industry and officials of Association of Mutual Funds in India (Amfi) on their toes over the past few weeks

Gold ETFs continues to see inflows for sixth straight month in September

The category received inflows of Rs 597 crore in September, taking its year-to-date total to Rs 5,957 crore

Nilesh Shah re-elected Amfi chairman, will hold office till next AGM

Saurabh Nanavati, CEO, Invesco MF re-elected as vice chair

Investor body slams Amfi for not protecting Franklin Templeton unit holders

CFMA alleged that Amfi was undermining a lawfully registered FIR against FTMF when it was not privy to the forensic audit

SEBI may issue norms for minimum holding in liquid assets for MFs

Tyagi also noted that the mutual fund industry, however, also went through several patches of challenges, especially on the debt mutual fund side

Trustees, asset managers in a bind over Sebi diktat on appointing officer

The August 10 circular mandates trustees to appoint a dedicated officer to assist them in their work

Multi-cap rejig could create bubble in small- and mid-caps: Amfi

On September 11, the capital markets regulator issued a circular directing multi-cap schemes to deploy at least 25% each in large-, mid-, and small-caps

Amfi signs 4 more cricket players to create awareness about MFs among youth

Industry body Amfi on Monday said it has roped in four more cricket stars -- Rohit Sharma, Shikhar Dhawan, Jasprit Bumrah and Shreyas Iyer-- for their ''Mutual Funds Sahi Hai'' campaign

Committed to follow Sebi's new norms on multi-cap MF schemes: Amfi

Industry body Amfi has said it is committed to follow market regulator Securities and Exchange Board of India's (Sebi) new regulation on multi-cap mutual fund schemes

Regulatory management

Sebi's new circular may lead to an avoidable churn in the market

Reliance's dream run in the market has equity mutual funds worried

Money managers can't buy more of India's most valuable company as actively-run plans aren't allowed to own more than 10% of a single stock

Equity schemes post net outflows of Rs 4,000 cr in Aug, highest in 10 yrs

Contributions totalled Rs 7,792 crore in August, half a per cent lower than the Rs 7,831 crore garnered in the previous month