Category: Mutual Fund
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Opportunities and Challenges-Mutual Fund Penetration
An enquiry conducted by Development Research Group about mutual funds in India, titled ‘opportunities and challenges faced by mutual funds’ revealed that, financial literacy has a major role in improving MF penetration.
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How to become an Investment Adviser
Investment adviser means any person, who for consideration, is engaged in the business of providing investment advice to clients or other persons or group of persons. By virtue of (INVESTMENT ADVISERS) REGULATIONS, 2013 SEBI has made registration compulsorily to act as investment advisor. It is a step towards Investor protection. It aims to prohibit unqualified…
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Get registered to become Investment Advisor
Persons wishing to act as investment advisors has to compulsorily registered with the market regulator Securities and Exchange Board of India (SEBI). The SEBI (Investment Advisers) Regulations, 2013 (“IA Regulations”) were notified on January 21,2013 and have come into effect from April 21, 2013. . All the persons acting as an investment adviser before the…
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Insurance companies can now invest in AIF-IRDA
Insurance Regulatory and Development Authority (IRDA) permits insurance companies to invest in Category I & Category II Alternative Investment Funds (AIF) related to infrastructure and SME sectors. By a Circular dated March 18, 2013, insurers are permitted to invest in Category I & II AIFs under the extant SEBI Regulations. The permitted Funds in Category…
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Find out-Mutual funds specified u/s 10(23D)
Income arising from Mutual Funds set up by any public sector bank or public financial institution – notified u/s 10(23D) is exempted. SBI Mutual Fund, CANBANK Mutual Fund, LIC Mutual Fund, The India Magnum Fund N.V. Mutual Fund, Indian Bank Mutual Fund, PNB Mutual Fund, BOI Mutual Fund, Asian Convertibles and Income Fund Mutual Fund,…