AMCs are already under pressure from changes in taxation for debt mutual funds and the new proposal by Securities and Exchange Board of India to bring a uniform total expense ratio (TER) will impact profits by 13 percent, according to a Jefferies report released on May 19.
Public Provident Fund (PPF), National Pension System (NPS), Employees Provident Fund (EPF), and mutual funds are some of the options you can opt for while planning for pension.
Read more about Aditya Birla Sun Life AMC multi-cap fund garners over Rs 1,900-cr on Business Standard. Aditya Birla Sun Life AMC on Monday said it has received more than 88,000 applications garnering over Rs 1,900 crore for its new multi-cap scheme during the New Fund Offer (NFO) period.The new fund Aditya Birla Sun Life Multi-Cap Fund is an
Markets regulator Sebi on Monday gave time till September 1 for mutual funds to comply with new rules wherein they are required to share details of risk, performance and portfolio to investors only for the scheme in which they have invested. The new norms were to come into effect from June 1. Based on the representation received from industry body Amfi, it has been decided to extend the implementation date to September 1, 2021, the Securities and Exchange Board of India (Sebi) said in a circular. In late April, Sebi asked mutual funds to make disclosures about scheme risk-o-meter, performance and portfolio details to investors only for the particular plans in which they have invested.
Read more about ICICI Prudential AMC proposes to rollover three FMPs to negate M2M impact on Business Standard. Move will also give investors indexation benefit on long-term capital gains