Before June 2023, these platforms used to register as SEBI RIA but most of their business was just to allow investors to buy and sell mutual fund schemes on their platforms. Investment advisory was not a service that these platforms offered to their users. Hence, as there is no fee transact...
Snehil Khanor, the co-founder of TrulyMadly pointed out during MediaNama’s discussion on ‘Decoding the Digital Competition Bill’ on April 5. “And the platform is the judge and the jury and the executioner. If you have no connect[...
Modified duration of debt mutual funds is a measure of how sensitive the value of a fund is to changes in interest rates. It tells you how much the price of a fund will change if the interest rate changes by 1%. For example, if a fund has a modified duration of 2 years, it means ...
MediaNama has reached out to Diners Club and HDFC Bank, which is the sole issuer of Diners Club cards in India, asking details on when they will start reissuing cards and the proposed plan to make up foregone market share. We will update this report once we receive a response. American ...