Amfi has allowed distributors and financial advisers to get access to their client’s investment details made through the direct planUntil now, an adviser can only access her client’s portfolio if the money has been invested in mutual funds through a distributor plan.Mumbai: Direct plans are set to take off in a big way. The Association of
SBI’s rate cuts, which followed RBI’s policy rate cut announcement, will be effective 5 OctoberMumbai: The country’s largest lender State Bank of India (SBI) on Tuesday cut its base rate by 40 basis points (bps) to 9.3%, soon after the Reserve Bank of India (RBI) reduced its policy repurchase rate by 50 bps.One basis point is
Sebi plans to tighten rules on MF redemptions after JPMorgan restricted payouts from its two funds when a string of investors demanded their money backWe’re going to make some changes in our regulations for funds capping repurchases, U. K. Sinha, chairman, Sebi saidNew York/Mumbai: Stock market regulator Securities and Exchange Board of India (Sebi) plans to