Is Your Mutual Fund KYC Status Verified, Registered or Hold?

Know Your Customer or KYC is mandatory to deal in the securities market. If the KYC norms are followed in totality, it saves you, the investor the hassle of transacting in securities, such as mutual funds, stocks, etc. KYC has been prescribed by the market regulator in accordance with the provisions of the Prevention of Money Laundering Act,…

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May 13, 2024 | by

IL&FS Episode: Mutual Funds Have Learned from Past Mistakes

If you recall, around four and half years ago, in September 2018, Infrastructure Leasing & Financial Services Limited (IL&FS) , a state-funded infrastructure development and finance company, faced debt crisis, and the Western media termed it India’s Lehman moment. On September 10, 2018, ICRA downgraded non-convertible debentures of IL&FS Financial Services to ‘BB’ from ‘AA+’. It also downgraded the…

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May 8, 2024 | by

Front-Running in Mutual Funds: Here’s How SEBI Plans to Keep Check

The capital market regulator, SEBI, in its 205th Board Meeting held on April 30, 2024, has tightened the noose on possible front-running at Asset Management Companies (AMCs). This comes in after SEBI pulled many entities involved in the Axis Mutual Fund front-running case last year. Want to know more about Axis Mutual Fund’s front-running case? Watch this video: Not…

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May 3, 2024 | by

How to De-risk Your Mutual Fund Portfolio Amid Iran-Israel Conflict

The geopolitical tensions in the Middle East are exacerbating. Within a fortnight after Israel’s suspected strike on Iran’s embassy in Damascus (Syria’s capital) — in which seven of Iran’s military advisers and three senior commanders were killed — Iran has avenged this attack with more than 300 projectiles (including 170 drones and around 120 ballistic…

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April 17, 2024 | by

SEBI To Keep Sight on Mis-selling in Mutual Funds

After the stress test diktat for small cap funds and mid cap mutual funds, the capital market regulators, SEBI has its eyes on mis-selling in mutual funds. This is because in an industry that is in the race to garner AUM (through distribution and sales channels) — so that a hefty fund management fee is earned — often the…

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March 28, 2024 | by