The Securities and Exchange Board of India (SEBI) recently issued a directive that has significant implications for the mutual fund industry. According to the new regulations, asset management companies (AMCs) are no longer allowed to charge lower investment and advisory fees in direct plans compared to regular plans. This move aims to create a level …
Recently, SEBI has taken a significant decision towards ensuring investor protection and maintaining the integrity of the mutual fund industry. In a bid to curb misconduct and mis-selling practices, SEBI has issued a consultation paper proposing strict accountability measures for Asset Management Company (AMC) CEO’s and senior officials. The regulatory body aims to enhance transparency, …
Recently in a press meeting, the RBI ( Reserve Bank of India) Governor Shaktikanta Das explained about withdrawing RS. 2000 notes from currency. “The decision to withdraw these currency notes was taken as there were enough notes of other denominations now. We have more than adequate quantity of printed notes available in the system” – …
RBI Governor Shaktikanta Das Reacts to the Withdrawal of ₹2,000 Notes Read More »
The Securities and Exchange board of India (SEBI) has recently released a set of groundbreaking proposals aimed at revolutionizing the mutual fund industry. These proposals have the potential to reshape the landscape of the industry and improve investor outcomes. Let’s delve into the key points of these proposals and their potential impact. SEBI suggests incorporating …
SEBI Launches Game Changing Proposals for Massive Overhaul of Mutual Fund Industry Read More »
In an overnight move, the Reserve Bank of India (RBI) has announced the withdrawal of the ₹2000 rupees notes from circulation. But, it is also significant to know that these banknotes will continue to hold status as legal tender. Let’s dive into the details of this decision and its implications for the public. The RBI’s …
As of July 1, 2023, the RBI is going to introduce new regulations for international credit card transactions and foreign travel expenses. In an effort to regulate foreign remittances and promote financial stability, the Reserve Bank of India (RBI) has recently made the decision that will impact international credit card holders and the foreign travelers. …
Recently SEBI has announced that legal guardians or parents are authorized to regulate the minor’s MF folio through their bank account. In May 12, a circular released by SEBI made it official that now, Parents or any other legal guardian can make payments through their bank account to their minor’s MF folio. The change has …
Mutual Fund assets under management (AUM) increased to Rs. 41.50 lakh crore in April 2023, from Rs. 40.62 lakh crore in March, 2023. The growth in AUM was driven by a strong inflow of RS. 1.50 lakh crore in April, 2023. This was the highest monthly inflow in the last six months. The equity segment …
Mutual Fund Assets Cross RS. 41.50 Lakh Crore in April Read More »
The highly growing digital transactions has alleviated the dependence on physical banks. Thus, to regain its influence, the banks started to open branches in different cities of India. HDFC Bank, ICICI Bank, and Kotak Mahindra Bank are set to open new branches to exercise their progress in the coming years. Around 600 branches, both in …
Banks Branches Out More Physical Branches to Reduce Digital Dependency Read More »
Recently, in a meeting by the Financial Stability & Development Council (FSDC), the finance ministry held that there shall be a single digital KYC process for all the financial instruments. Along with SEBI, RBI, PFRDA, and IRDAI, it suggested to streamline the KYC framework in a simple way. It also declared that a special drive …
Digital KYC Will Take Place of All Financial Instruments Read More »
