Page 2 - Association Of Mutual Funds In India
New stamp duty charges from July 1: What changes for mutual fund investors
A stamp duty of 0.005 per cent will be levied on issuance of units, and 0.015 per cent on transfer of mutual fund units.
 "New stamp duty charges from July 1: What changes for mutual fund investors")
Inflows in equity mutual funds plunge 25% to Rs 83,781 cr in FY20
This was the sixth successive year of net inflows in equity mutual funds
 "Inflows in equity mutual funds plunge 25% to Rs 83,781 cr in FY20")
Delhi court sets aside interim relief order on Indiabulls Housing Finance
The move comes after the Sebi, Association of Mutual Funds (Amfi), and IDBI trustee moved a Division Bench of the court, challenging the interim order granting protection to Indiabulls.
 "Delhi court sets aside interim relief order on Indiabulls Housing Finance")
Sebi may tweak norms to allow more flexibility to equity fund managers
In October 2017, Sebi came out with the scheme classification norms to ensure that mutual fund schemes make investments in-line with their stated scheme mandate
 "Sebi may tweak norms to allow more flexibility to equity fund managers")
Mutual Fund folio influx hits 3-month high in Oct; 600,000 accounts added
Industry experts said the addition of folios indicates investors' understanding about market risks associated in the mutual fund schemes
 "Mutual Fund folio influx hits 3-month high in Oct; 600,000 accounts added")
Mutual fund AUM rises 7.4% to Rs 26.33 trn in October on high equity inflow
Fund managers attributed growth in the asset base to higher retail participation and robust inflows in equity schemes and liquid funds
 "Mutual fund AUM rises 7.4% to Rs 26.33 trn in October on high equity inflow")
Asset allocation schemes yet to gain traction among mutual fund investors
According to data from Association of Mutual Funds in India (Amfi), asset allocation categories have seen net outflows of Rs 6,714 crore in the current financial year
 "Asset allocation schemes yet to gain traction among mutual fund investors")
Lack of understanding, mis-selling keep investors away from hybrid funds
Experts say lack of investor understanding and cases of mis-selling have impacted sentiment
Street signs: ITDC shares, delivery-based volumes on the rise, and more
Shares of India Tourism Development Corporation (ITDC) have zoomed 50 per cent in the past four trading sessions
 "Street signs: ITDC shares, delivery-based volumes on the rise, and more")
Mutual fund penetration poor in most states; way below global average
Many have mutual fund assets which are less than 2% of economic output
 "Mutual fund penetration poor in most states; way below global average")
MF investment universe witnesses sizeable churn due to corporate defaults
Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced, shows the latest data from the Association of Mutual Funds in India
 "MF investment universe witnesses sizeable churn due to corporate defaults")
Amfi issues guidelines for cyber security and privacy of user data
Markets regulator Securities and Exchange Board of India (Sebi) had in the past directed the players to follow the 'best practices' guidelines laid down by Amfi
 "Amfi issues guidelines for cyber security and privacy of user data")
