Fund Houses
Confirming compliance
Forensic audit of fund houses will boost confidence
 "Confirming compliance")
Market regulator Sebi considers allowing sponsor-less mutual funds
Issues discussion paper proposing radical changes on ownership structures
 "Market regulator Sebi considers allowing sponsor-less mutual funds")
Fund houses set to launch a slew of target maturity funds in coming months
Nearly 40% NFOs filed since July are for these passive debt funds
 "Fund houses set to launch a slew of target maturity funds in coming months")
Fund houses ready NFOs as ban nears end, say will comply with new norms
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
 "Fund houses ready NFOs as ban nears end, say will comply with new norms")
Fund houses launch mid-, small-cap NFOs as valuations turns attractive
Axis MF, Navi MF and Mirae Asset MF are among fund houses to roll out passive funds focused on mid- and small-cap themes.
 "Fund houses launch mid-, small-cap NFOs as valuations turns attractive")
Falling yields put the squeeze on fund houses' bottom line in Q3
Shares feel the pressure as analysts cut earnings estimates
 "Falling yields put the squeeze on fund houses' bottom line in Q3")
Overseas investment cap for domestic mutual funds may be doubled
Sebi may raise the industry-wide limit from $7 bn to $12-15 bn
 "Overseas investment cap for domestic mutual funds may be doubled")
Sebi's skin-in-the-game norms: Our demands remain unmet, say MF executives
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
 "Sebi's skin-in-the-game norms: Our demands remain unmet, say MF executives")
Sebi's new skin-in-the-game framework for MFs likely to stretch AMCs
Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme
 "Sebi's new skin-in-the-game framework for MFs likely to stretch AMCs")
Sebi moves Supreme Court against SAT order on Franklin Templeton
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
 "Sebi moves Supreme Court against SAT order on Franklin Templeton")
Investors should keep a check on cost in passive, debt funds: Experts
In active funds, you may miss out on potential winners if focus is only on expense ratio
 "Investors should keep a check on cost in passive, debt funds: Experts")
SBI Mutual Fund asset base crosses Rs 5 trillion-mark in March quarter
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
 "SBI Mutual Fund asset base crosses Rs 5 trillion-mark in March quarter")
Mutual funds plan to launch a slew of FMPs as bond yields increase
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
 "Mutual funds plan to launch a slew of FMPs as bond yields increase")
Sebi's diktat puts institutional investors, fund houses in a fix
The latest regime directs companies to make investors' call recording public with transcription
 "Sebi's diktat puts institutional investors, fund houses in a fix")
Fund houses in a bind over Sebi's dividend diktat; Amfi sets up committee
There is also uncertainty on whether investors will be able to adjust the cost of acquisition of the units and avail of indexation benefits
 "Fund houses in a bind over Sebi's dividend diktat; Amfi sets up committee")
Union AMC aims to double assets base to Rs 10,000 crore this year
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
 "Union AMC aims to double assets base to Rs 10,000 crore this year")
Sebi doubles foreign investment limit for individual fund houses to $600 mn
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
 "Sebi doubles foreign investment limit for individual fund houses to $600 mn")
PM Narendra Modi to brainstorm with global fund houses on Thursday
20 top funds, India Inc brass to attend roundtable
 "PM Narendra Modi to brainstorm with global fund houses on Thursday")
If your multi-cap fund becomes much riskier after new Sebi rules, exit it
Wait until your fund house communicates a change of mandate before you decide on your course of action
 "If your multi-cap fund becomes much riskier after new Sebi rules, exit it")
Top MFs gain larger share of industry's debt pie post-Franklin wind-up
Top-five fund houses account for over 61% of industry assets
 "Top MFs gain larger share of industry's debt pie post-Franklin wind-up")
