SEBI's proposed mutual fund fee cuts promise to save retail investors thousands annually, but AMCs and brokers are bracing for a profit squeeze that could reshape India's fund industry.
The company has recently acquired the MFD business of Indus Capital on a slump-sale basis
The asset-light business model with annuity kind of revenue stream, high operating leverage, and strong cash flows make Prudent a unique proposition
Focus must increase on fee-only model, clear segregation of distribution and advice, and prudent use of client data
Domestic liquidity is unlikely to dry up any time soon and that could limit market downside, says Harsha Upadhyaya, CIO Equity at Kotak Mutual Fund.
Good news for MF sector. Finance minister allows MF distributors to become members of stock exchanges.
Taking forward the steps initiated by the government and the market regulator Sebi to revive mutual fund investments, the fund houses have slashed the distributor registration fees by up to 80 per cent to boost their sales.