SEBI plans to put restrictions on upfront commission: reports
SEBI is planning to put restrictions on upfront commission paid by mutual funds to distributors, said media reports.
The regulator is framing rules that could result in mutual funds shifting to a predominantly trail-fee model.
There are reports that Sebi officials met chief executives for inputs to draft the norms.
ICI reports Estimated Long-Term Mutual Fund flows
Equity funds had estimated outflows of US$1.18bn for the week, compared to estimated outflows of US$3.01bn in the previous week. Domestic equity funds had estimated outflows of US$2.04bn, and estimated inflows to world equity funds were US$869mn.
Hybrid funds, which can invest in stocks and fixed-income securities, had estimated outflows of US$157mn for the week, compared to estimated inflows of US$99mn in the previous week...... Read More
UTI Mutual Fund launches a new close ended Equity scheme
UTI Mutual Fund announces the launch a new close ended Equity scheme "UTI- Focussed Equity Fund-Series II (1102 days)". The New Fund Offer opens for subscription on December 4, 2014 and closes on December 18, 2014.
UTI- Focussed Equity Fund Series II is an 1102 days close ended equity oriented scheme. The scheme would be investing in a compact portfolio of up to 30 securities....... Read More
Baroda Pioneer MF launches Baroda Pioneer Equity Trigger Fund - Series I
Baroda Pioneer Mutual Fund announced the launch of Baroda Pioneer Equity Trigger Fund - Series I, a close ended equity scheme. This product has been designed keeping in mind investors who are seeking capital appreciation during the tenure of the scheme, which has a maturity of 3 years. The investments would pre-dominantly be in equity and equity related securities of mid and small cap companies.
The New Fund Offer (NFO) will open for subscription on December 05, 2014 and close on December 19, 2014. The units will be available at par - Rs.10/- during the NFO...... Read More