SEBI's new overlap rules expose a structural flaw that eroded diversification benefits for millions of Indian mutual fund investors
The wealth-tech firm added over 2 million fresh SIPs during the month followed by Angel One and PhonePe
The company has applied to Sebi for an asset management license and in the process of putting together a top management team.
Industry executives are expecting a pushback from both AMCs and brokerages, as it may tighten margins. Sebi has sought feedback on the draft regulations from stakeholders by November 17, 2025.
Even if an asset management company winds up, your mutual fund investments remain secure under regulatory safeguards.
Groww acquired the mutual fund business of Indiabulls in May 2023, which had an AUM of Rs 342 crore
Angel One reported a 48.7 percent fall in net profit for the quarter ended March, clocking in at Rs 174.5 crore, as against Rs 339.9 crore last March.
AMCs are expected to see a sharp sequential decline in equity AUMs for Q4 due to market corrections, with mid- and small-cap-focused schemes hit the hardest.
Employees drawing below Rs 25 lakh cost-to-company (CTC) on an annual basis do not have to take any portion of their pay in the units, while those drawing more will need to take either 10-18 percent of their CTC in the MF units or 12.5-22.5 percent of their CTC in the units depending on what their asset management company) chooses.
The duo is planning to start the venture with a market regulator Sebi’s Portfolio Management Services (PMS) license targeting high-net-worth individuals and financial institutions
CAMS is technology-driven financial infrastructure and services provider to mutual funds and other financial institutions. MFs is the key segment for the company and accounts for around 87% of its revenues. CAMS market share as RTA (registrar and transfer agent) has increased from 61% in FY15 to 68% as at end September 24 in terms of average monthly AUM serviced by it. There are very less risks to its existing market share as it is challenging for its clients or new competition to replicate the physical network or the technology platforms. Moreover, switch to competition is rare as CAMS enjoys long-standing relationships with MFs. CAMS has entered into other business lines to diversify its revenue. Other businesses includes accounts aggregator, payments aggregator (CAMSPAY), servicing AIFs/PMS, loans against MF, central record keeping agency (CRA) for National Pension Scheme (NPS), insurance repository and e-KYC business.
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