Moneycontrol Mutual Fund Summit provided a comprehensive overview of the current trends and future directions for mutual funds and SIPs in India keeping investor interests and MFD role in check.
Moneycontrol Mutual Fund Distributor Awards highlighted the ongoing commitment of these professionals to fostering a more inclusive and robust financial future for all of Bharat.
The event will be attended by industry experts and veterans, who will address the most relevant topics pertaining to the mutual fund industry.
This year's Moneycontrol Mutual Fund Summit, promises to shine a spotlight on how Systematic Investment Plans (SIPs) are making financial markets accessible to millions across Bharat.
The Mutual Fund Distributor Awards set a platform to celebrate outstanding achievements in mutual fund distribution across India.
Valuation and return ratios can be the yardstick to make a choice
Madhabi Puri Buch was speaking about the ways in which entities circumvent regulations. Buch made this point while elaborating on the regulator’s vision of increasing the number of registered advisors to a one million count
SEBI had said that training programmes should not be misused for providing any reward or non-cash incentives to distributors. However, Moneycontrol learns that recently many fund houses have held such programmes, some in exotic locations, in violation of the regulations.
Prudent Corporate Advisory is the second largest MF distributor after NJ India among the non-banks in terms of commission earned in FY22
Anand Rathi Wealth is among the top 5 non-bank mutual fund distributors in India in terms of gross commission earned in FY21
In a move to popularise mutual funds, the capital market regulator Securities and Exchange Board of India has been pushing hard for reforms.
MF distributors shell out a one-time processing fee of Rs 2,500 in order to use the infrastructure to purchase and redeem mutual fund units on behalf of their clients.
Accordingly, in a circular, BSE said it would "extend conciliation and arbitration mechanism to deal with disputes between investor and mutual fund distributors (MFDs)/mutual fund intermediaries (MFIs) in line with existing practice".
CNBC-TV18's Manasvi Ghelani reports that the mutual fund sector has started the process for the selection of SROs to meet the Sebi deadline of July 31, 2013.
Lately SEBI has made various efforts to boost the aligning Mutual Fund Industry. Read this space to know about the various steps taken by it to strengthen the regulatory framework, increase the penetration, and improve reach of MF in semi-urban and rural areas.
Mutual fund distributors are not happy with the new distribution fees that SEBI has notified. They say this is not enough and are lobbying for the introduction of a variable load structure, reports CNBC-TV18’s Mitra Joshi.