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'Common platform for mutual funds to help investors in service-related transactions'

Common platform for mutual funds to help investors in service-related transactions SECTIONS Last Updated: Jul 28, 2021, 09:47 AM IST Share Agencies Markets regulator Sebi s decision on a common platform for mutual funds will be a big step in the direction of improvement in investor services, industry insiders said on Tuesday. The platform will permit investors to place both transaction as well as service requests. The regulator, in a circular, on Monday asked registrars and transfer agents (RTAs) to develop a common industry-wide platform for purchase and sale of mutual funds and to handle service requests. The platform will be jointly built by RTAs.

Harshad chetanwalaSreekanth nadellaJimmy patelQuantum mutual fundChief operating officer harsh jainஸ்ரீகாந்த் நாடெல்லாஜிம்மி படேல்குவாண்டம் பரஸ்பர நிதிதலைமை இயங்குகிறது அதிகாரி கடுமையான ஜெயின்

SIP discontinuation drops in May as equity markets hit new record highs

Sebi's new compensation rule to create arbitrage in favour of index funds, ETFs

Sebi's new compensation rule to create arbitrage in favour of index funds, ETFs
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ChinaIndiaNew delhiDelhiRadhika guptaOmkeshwar singhJimmy patelQuantum mutual fundResearch kaustubh belapurkarIndia directorManager researchKaustubh belapurkarSamco securitiesசீனாஇந்தியாபுதியது டெல்ஹி

Sebi's new compensation rule to create arbitrage in favour of index funds

A section of mutual fund houses feared that markets regulator Sebi s new framework on compensation will adversely affect their key employee cash flow and make it difficult to retain talent. In addition, the new rule will create regulatory arbitrage in favour of index funds and exchange-traded funds (ETFs) and will result in potential death of active fund management, fund houses said. On Wednesday, Sebi asked asset management companies (AMCs) to pay at least 20 per cent of gross salary of key employees in the form of the units of the scheme managed by them. The new rule covers all key employees who have been defined as heads of various functions and all employees who are involved in the fund management process fund managers, research teams, and dealers, among others.

ChinaIndiaRadhika guptaOmkeshwar singhJimmy patelQuantum mutual fundResearch kaustubh belapurkarIndia directorManager researchKaustubh belapurkarSamco securitiesசீனாஇந்தியாராதிகா குப்தாஜிம்மி படேல்குவாண்டம் பரஸ்பர நிதி

MFs struggle to crack B30 code, shares remain in 15-17% range of AUM

The assets under management (AUM) for domestic mutual funds (MFs) have grown at a good clip, but the industry has failed to make significant inroads in the hinterlands. At the end of March 2021, the AUM from T30 (top 30) cities stood at Rs 26.07 trillion, while that from the so-called B30 (beyond 30) cities stood at just Rs 5.36 trillion. The share of B30 cities has remained in the range of 15-17 per cent of the AUM since FY19. Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors. Further, the industry will have to focus on investors’ education and the creation of more infrastructure. Market participants say barring a few top players, the industry may not be able to afford this.

Jimmy patelAjay tyagiExchange board of india sebiExchange boardMutual fundsMutual funds industryMf industryLipMarketsS ampp bse sme ipo indexMotilal oswal mfManaging director and ceoAashish somaiyaaRadhika guptaஜிம்மி படேல்அஜய தியாகி