In a best-practices circular released on Tuesday, the Association of Mutual Funds in (AMFI) India said distributors can now earn trail commission on assets under management (AUM) switched to them by investors. Previously, AMCs withheld this commission to discourage unhealthy competition among distributors. However, the industry body has stipulated a cooling-off period of six months. …
They say that the rising tide lifts all boats. Amid the ongoing bull run, equity mutual funds jumped in their valuations, so much so that the industry’s overall asset size went higher by nearly 23 percent this calendar year until Nov 30. On Dec 31 last year, total assets under management (AUM) of the mutual fund …
These advisers are scattered across the globe in cities such as Geneva and New York, and are employed as fiduciaries, meaning they are required to act in the interest of their clients. As such, they become privy to the intimate lives of the rich and famous, who must expose their secrets so that advice may …
Customized products In the current financial landscape, a diverse array of lending options is available to investors, ranging from traditional banks to innovative fintech platforms. The latter includes VoltMoney, DhanLAP, AbhiLoans, Mirae Asset Financial Services, and Bajaj Finserv. All of them have varying loan-to-value ratios. The interest rates too vary, with most banks offering loans …
Ashish Gupta, chief investment officer of Axis Mutual Fund, said the mutual fund industry in India, which currently has assets under management (AUM) of ₹46 trillion, is growing rapidly and it will get the next ₹40 trillion in just five years. Gupta said the industry has been doubling its AUM roughly every five years since …
In passive, we trust. This is what many proponents of passive funds, given a choice, would say in support of their argument. They emphasize that these funds have worked well elsewhere, hence would work here as well. However, proponents of active funds don’t want to throw in their towels just yet. Not even when, as …