In an advisory, the Pension Fund Regulatory and Development Authority (PFRDA) said it has come to notice that "some pension funds" are not keeping some of the securities particularly mutual funds units with the appointed custodian. ... As per the PFRDA.
LIC Mutual Fund has introduced an instant redemption facility in its liquid fund - Growth option. Investors in LIC MF Liquid Fund - growth option will now have access to their funds throughout the day, 365 days a year. Currently, this facility is.
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I think retail investment directly into the market to some extent will reduce. And retail participation in the market through institutions, through mutual funds will increase. Halan: Swarup, so we have got three strong pipelines coming in. There is NPS.
The capital market regulator intends to classify mutual fund schemes into three broad product groups — equity, debt and hybrid — which will be sorted further into subcategories as per the investment mandate, said two people familiar with the plan.
Mutual fund distributors and IFAs (independent financial advisors) will have to enrol for GST, even if the commission they earn is less than Rs 20 lakh in a financial year. As per the communication from Association of Mutual Funds in India (AMFI), from.
Gunwani is speculated to be joining Reliance Mutual Fund . In response to a query, Reliance declined to comment. Gunwani joined ICICI Prudential in June 2010 and managed two large schemes-- ICICI Prudential Focused Bluechip Equity Fund, and the .
In terms of revised investment guidelines for private sector NPS, fresh investments in equity related Mutual Funds and Exchange Traded Funds (ETF) are disallowed," PFRDA said in a circular dated April 17. Also Read: National Pension System Vs PPF.
Even other mutual funds ... certain changes in NPS that needs a mention. Unlike the original idea of investing in equities through index funds, PFRDA has allowed pension fund managers to invest directly in stocks, although with guidelines to ensure.
Interestingly, some mutual fund companies have approached Sebi for launching plans with Hindi names so that investors in rural areas understand the objectives of the schemes in a better manner. The move is seen as moving away from the old tradition of .
Sebi has proposed clear segregation between the investment advisory activities and distribution/execution services. According to the Sebi ( Investment Advisers) Regulations , 2013, mutual fund distributors are allowed to give basic or incidental advice.
NEW DELHI: The Pension Fund Regulatory and Development Authority has clarified that NPS accounts of investors who have not submitted the Foreign Account Tax Compliance Act (FATCA) self certification will not be blocked. The clarification, sent to the.
have been made to enhance safety of investment by pension funds. Both NPS Lite and private sector schemes follow the government pattern of investment and hence investment guidelines as applicable to the government sector and any subsequent amendments.
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MUMBAI: Mutual fund houses have ... the lines of the New Pension System (NPS) as they are planning to enter pension funds sector in a big way. The Budget has made an additional tax break of Rs 50,000 into the NPS investment under section 80CC(D) of the.