Fund Houses

Forensic audit of fund houses will boost confidence

Issues discussion paper proposing radical changes on ownership structures

Nearly 40% NFOs filed since July are for these passive debt funds

In a circular in October 2021, Sebi had stated that pooling of funds or units by stockbrokers and clearing members in any form or manner shall be discontinued for all mutual fund transactions

Axis MF, Navi MF and Mirae Asset MF are among fund houses to roll out passive funds focused on mid- and small-cap themes.

Shares feel the pressure as analysts cut earnings estimates

Sebi may raise the industry-wide limit from $7 bn to $12-15 bn

This comes a day after Sebi tweaked the compensation circular, first issued in April, mandating fund houses to pay 20 per cent of the CTC to their key employees in the form of MF units

Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme

Sebi has moved SC against June 28 order of SAT which stayed its decision to bar Franklin Templeton from launching new debt schemes for two years and had asked the fund house to refund over Rs 512 cr

In active funds, you may miss out on potential winners if focus is only on expense ratio

The fund house's average asset under management (AAUM) rose to Rs 5.04 trillion in 2020-21 from Rs 3.73 trillion in the preceding fiscal

Fund houses like Nippon Life India MF, Kotak MF, Aditya Birla Sun Life MF, among others, have filed offer documents with Sebi to launch these popular close-ended debt schemes

The latest regime directs companies to make investors' call recording public with transcription

There is also uncertainty on whether investors will be able to adjust the cost of acquisition of the units and avail of indexation benefits

The fund house has more branches, workforce, and num­ber of customers at its disposal thanks to the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) last year

The regulator has also quadrupled the quantum of investment that individual fund houses can make in overseas exchange traded funds to $200 million from $50 million at present

20 top funds, India Inc brass to attend roundtable

Wait until your fund house communicates a change of mandate before you decide on your course of action

Top-five fund houses account for over 61% of industry assets