SEBI extends compliance norms for liquid funds till 30 June; deadline to submit cyber security audit reports relaxed
SEBI said that the existing open ended mutual fund schemes need to comply with the revised limits for sector exposure by 30 June.
Rates have been cut, debt funds have emerged as a viable alternative, FDs are losing the tax game and they provide limited flexibility.
According to Association of Mutual Funds in India (AMFI) data, the asset under management (AUM) of the industry, comprising 41 active players, stood at Rs 22.06 lakh crore at the end of September, as compared to a record Rs 25.20 lakh crore in August-end.
Mutual funds' asset base touched a record Rs 25 lakh crore in August-end, a surge of 8.41 percent over the previous month, on the back of robust inflow in liquid funds and strong participation from retail investors.
Payworld said it intends to facilitate investment in liquid funds, which are risk-free and allow the facility of instant redemption
Trading in gold ETF segment has been lukewarm during the last five years
Total investment in mutual fund schemes stood at Rs 1.10 lakh crore in the first two months of the current fiscal
Mutual Funds' assets under management surpasses Rs 19 lakh cr mark on renewed inflows in equity, debt
The industry's AUM had crossed Rs 10 lakh crore in May 2014, and it is expected to reach Rs 20 lakh crore this year
SEBI Mutual fund guidelines aim to bring down the threshold for mark- to-market requirements on debt and money market securities to 60 days from 91 days earlier.