A CEO of a domestic mutual fund, who did not want to be named, says: "More than 50 per cent of individuals selling mutual funds are not AMFI-certified. It's a humongous task to keep a check on everybody selling mutual fund products. The regulator has taken the right step as the ...
7. Amendments to SEBI (Mutual Fund) Regulations, 1996 to Facilitate Ease of Doing BusinessIn its board meeting, the SEBI approved certain amendments to the SEBI (Mutual Funds) Regulations, 1996, to relax the regulatory framework related to the ‘alignment of interes...
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For context, AA platformsfacilitatestructured financial data to be shared from FIPslikebanks, mutual fund depositories, insurance repositories, etc. to financial information users (FIUs) like lending institutions, after obtaining user consent. FIPs are institutions that hold a user’s personal or busin...
Around two years ago, HULhad also acquired51% in D2C based plant nutrition brand Oziva (with an option to pick up the remainder at the end of 2025), and picked up 19.8% in Wellness Nutrition, which makes nutraceuticals. “Good news is, both the businesses are doing good,”HUL ...
(AMCs) in India, representing 60% of market share based on the number of AMC clients, besides, two new AMCs won, that are yet to launch operations, as on January 31, 2022. The company has on-boarded 15 of the last 20 mutual funds launched in India. KFintech is also the ...
The Supreme Court on Friday dismissed a petition that challenged the authority of the Securities and Exchange Board of India (Sebi) to regulate entry loads in mutual fund (MF) schemes. The court rejected an appeal in a case where Chanchal Jain,
is a member of the Board of Trustees of a mutual fund or a member of the Board of Directors of the Asset Management Company of a mutual fund or is an employee thereof who have a fiduciary relationship with the Company; (iv) is a member of the Board of Directors, or an employee of ...
Be that as it may, it remains to be seen whether the AIF industry’s demand for CDS transactions is sustainable in the current regulatory framework. One might remember that mutual funds were permitted to participate in the CDS market a decade ago. However, the market did not take off. The...