Asset Management Companies

Increasing efficiency

Lower compliance will help expand the reach of passive funds

Fund houses ponder ways to cushion tax blow to debt mutual funds

New offerings, lowering costs, debt-plus arbitrage schemes among measures planned

There's a huge opportunity for performing credit funds: VAM's Sukumar

Sukumar explains why investment opportunities in this space are expected to grow manifold

Motilal Oswal AMC introduces new features in SWP; calls it 'FAB' plan

At the heart of this offering is the company's vision to give investors more control when planning their long-term financial goals and lifestyle choices

Confirming compliance

Forensic audit of fund houses will boost confidence

Sebi to MF trustees: Do not rely on assurances, evaluate independently

These responsibilities include preventing undue influence of sponsors, market abuse by employees, unfair advantage to associates, conflict of interest between various parties and mis-selling

MFs eye GIFT City route to cross foreign investment limit barrier

Plan products to leverage individual LRS limit for global exposure

Sebi allows active to passive ELSS switch for asset management companies

But regulator says AMCs must shut existing active scheme before offering a passive one

Removing barriers to entry

Policies should focus on improving the ease of entering business, not just the ease of doing business

Sebi permits AMCs to provide advisory services to all FPIs at IFSC

Markets regulator Sebi on Friday permitted asset management companies (AMCs) to provide management and advisory services to all FPIs operating from International Financial Services Centres (IFSCs). This is subject to certain conditions, including that such Foreign Portfolio Investors (FPI) will be allowed to invest in mutual fund schemes other than the schemes in the category of "thematic", the Securities and Exchange Board of India (Sebi) said in a circular. For investment in equity and equity derivative securities listed on recognised stock exchanges in India, the FPIs will not be allowed to take contra-position for six months from the date of purchase or sale of such securities, it said. It has been decided that AMCs may also provide management and advisory services to FPIs operating from IFSC and regulated by International Financial Services Centres Authority (IFSCA) not falling under the categories of FPIs specified by Sebi in its circular issued in December 2019, Sebi said. T

Asset management companies fear 'transaction fee burden' on margins

Online mutual fund platforms are set to get a go-ahead to charge transaction fee

KFin Technologies IPO subscribed 2.6 times on concluding day of issue

KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it

KFin IPO to hit market on Dec 19, issue sized reduced to Rs 1,500 cr

Financial services platform provides solutions to asset managers and corporate issuers

Mutual funds' new-age technology schemes prove to be a non-starter

Despite several innovative tech FoF applications with Sebi, only one hits the market

Sebi sets lower single-issuer limits for mutual fund debt schemes

Credit-risk rating based limits introduced for all new schemes; existing schemes to be grandfathered

AMCs to be penalised for delay in dividend, redemption payments: Sebi

Any delay in dividend payment beyond seven working days to attract interest charge at 15% a year; investors to get redemption money within three working days, from 10 earlier

Sebi reduces timelines for redemption amount, dividend payout to 7 days

Capital markets regulator Sebi on Friday cut the timelines for the payout of redemption amount and dividend to unitholders by Asset Management Companies (AMCs). In a circular, Sebi has reduced the timeline for dividends payout to seven working days from the current 15 days. It said that the record date would be two working days from the issue of public notice, wherever applicable, for the purpose of payment of dividend. "The payment of dividend to the unitholders shall be made within seven working days from the record date," the Securities and Exchange Board of India (Sebi) said. It has further reduced the timeline for redemption payout to three working days from the existing 10 working days. "The transfer of redemption or repurchase proceeds to the unitholders shall be made within three working days from the date of redemption or repurchase," Sebi said. For schemes investing at least 80 per cent of total assets in such permissible overseas investments, the transfer of redempti

Sebi notifies rules on dividend, redemption proceeds to MF unitholders

Capital markets regulator Sebi has notified new rules for asset management companies (AMCs) pertaining to transfer of dividend and redemption proceeds to mutual fund unitholders. Under this, every mutual fund and asset management company would be required to transfer to the unitholders the dividend payments and the redemption or repurchase proceeds within a period specified by Sebi, the regulator said in a notification made public on Thursday. In case of failure to transfer the proceeds within the specified period, the AMC would be liable to pay interest to the unitholders for the period of such delay. "Notwithstanding payment of such interest to the unit-holders...the asset management company may be liable for action for failure to transfer the redemption or repurchase proceeds or dividend payments within the stipulated time," Sebi said. It further said that physical despatch of redemption or repurchase proceeds or dividend payments would be carried out only in exceptional ...

Investors pull out big money from debt funds despite attractive yields

Fund managers and MF distributors expect net inflows to turn positive after completion of rate hike cycle