Mutual Fund Distributors

Securities and Exchange Board of India (SEBI) on Monday decided to ban the usage of pool accounts for mutual fund transactions. Market regulator SEBI, in its notification, stated that pooling of funds by stock brokers, MF distributors and investment advisers will be discontinued from April 1 next year.

The country's asset-weighted median expense ratio for equity mutual funds is 1.93%, according to a study of by Morningstar Inc.

Currently, members / mutual fund (MF) distributors register paper based mandates for their investors which is time consuming as it involves obtaining signature of an investor on the form and submission of physical form at service centre for processing.

BSE runs the mutual fund trading platform -- BSE Star MF -- the largest MF distributor platform in India with more than 4 lakh SIPs (Systematic Investment Plans) per month.

With an aim to bring in greater transparency in dealings of mutual funds, the Securities and Exchange Board of India (Sebi) on Tuesday asked them to disclose the exact commission paid to distributors as against the investments garnered from subscribers in each MF scheme.

Top stock exchange BSE has decided to permit mutual fund distributors to subscribe to sovereign gold bonds issue for their respective clients, through the bourse's mutual fund platform.

To enforce a directive by the Securities and Exchange Board of India (Sebi), the Association of Mutual Funds in India (AMFI) has asked all mutual fund houses to disclose the commission paid to individual distributors in the last fiscal year.

To facilitate investors and mutual fund distributors, leading bourse BSE will introduce an online payment facility for demat mode of transactions on its mutual fund (MF) platform.

In a big relief to small mutual fund distributors, the government has proposed to exempt service tax levied on agents earning less than Rs 10 lakh commission annually.

After capping agent commission, mutual fund industry body and front-line regulator AMFI may now ask fund houses to disclose the individual distributor commission in the account statements sent to investors.

Total income earned by top 467 MF distributors stood at Rs 4,729 crore last fiscal, much higher than revenues earned by 329 agents at Rs 2,572 crore in 2013-14.

Noting that the domestic mutual fund distributors get one of the highest upfront fees in the world, Sebi chairman U K Sinha on Tuesday asked the industry to keep such fees within "manageable limits" and behave in a self-disciplined manner lest they attract regulatory action.

Assets under management (AUM) of mutual fund distributors could nearly triple from Rs 8 lakh crore ($127 billion) to Rs 23 lakh crore ($368 billion) by 2020, a research report said on Thursday.

The Securities and Exchange Board of India (Sebi) on Friday expressed concern over the disproportionately large amount of commission paid to mutual fund distributors, but the market regulator said it would be good if the industry puts a cap on the upfront fee.

The Securities Appellate Tribunal will on Friday hear a plea by Financial Planning Supervisory Foundation against in-principle approval given by market watchdog Securities and Exchange Board of India (Sebi) to Institute of Mutual Fund Intermediaries (IMFI) for a self-regulatory organisation (SRO) for mutual fund distributors.

Securities and Exchange Board of India (SEBI) on Monday decided to ban the usage of pool accounts for mutual fund transactions. Market regulator SEBI, in its notification, stated that pooling of funds by stock brokers, MF distributors and investment advisers will be discontinued from April 1 next year.

The country's asset-weighted median expense ratio for equity mutual funds is 1.93%, according to a study of by Morningstar Inc.

Currently, members / mutual fund (MF) distributors register paper based mandates for their investors which is time consuming as it involves obtaining signature of an investor on the form and submission of physical form at service centre for processing.

BSE runs the mutual fund trading platform -- BSE Star MF -- the largest MF distributor platform in India with more than 4 lakh SIPs (Systematic Investment Plans) per month.

With an aim to bring in greater transparency in dealings of mutual funds, the Securities and Exchange Board of India (Sebi) on Tuesday asked them to disclose the exact commission paid to distributors as against the investments garnered from subscribers in each MF scheme.

Top stock exchange BSE has decided to permit mutual fund distributors to subscribe to sovereign gold bonds issue for their respective clients, through the bourse's mutual fund platform.

To enforce a directive by the Securities and Exchange Board of India (Sebi), the Association of Mutual Funds in India (AMFI) has asked all mutual fund houses to disclose the commission paid to individual distributors in the last fiscal year.

To facilitate investors and mutual fund distributors, leading bourse BSE will introduce an online payment facility for demat mode of transactions on its mutual fund (MF) platform.

In a big relief to small mutual fund distributors, the government has proposed to exempt service tax levied on agents earning less than Rs 10 lakh commission annually.

After capping agent commission, mutual fund industry body and front-line regulator AMFI may now ask fund houses to disclose the individual distributor commission in the account statements sent to investors.

Total income earned by top 467 MF distributors stood at Rs 4,729 crore last fiscal, much higher than revenues earned by 329 agents at Rs 2,572 crore in 2013-14.

Noting that the domestic mutual fund distributors get one of the highest upfront fees in the world, Sebi chairman U K Sinha on Tuesday asked the industry to keep such fees within "manageable limits" and behave in a self-disciplined manner lest they attract regulatory action.

Assets under management (AUM) of mutual fund distributors could nearly triple from Rs 8 lakh crore ($127 billion) to Rs 23 lakh crore ($368 billion) by 2020, a research report said on Thursday.

The Securities and Exchange Board of India (Sebi) on Friday expressed concern over the disproportionately large amount of commission paid to mutual fund distributors, but the market regulator said it would be good if the industry puts a cap on the upfront fee.

The Securities Appellate Tribunal will on Friday hear a plea by Financial Planning Supervisory Foundation against in-principle approval given by market watchdog Securities and Exchange Board of India (Sebi) to Institute of Mutual Fund Intermediaries (IMFI) for a self-regulatory organisation (SRO) for mutual fund distributors.