cafemutual

Pramerica launches Dynamic Monthly Income Plan

MUMBAI: Parmerica Mutual Fund is to launch an income scheme called Pramerica Dynamic Monthly Income Plan, an open ended scheme. NFO Period: March 8, 2011 to March 22, 2011 Investment Objective: The fund seeks to generate regular returns through investme... Read >

SBI Life Launches Smart Wealth Assure an innovative ULIP

Smart Wealth Assure provides pre-determined NAV guarantee of Rs. 20 Mumbai: SBI Life Insurance has launched an innovative ULIP which guarantees at inception a pre-specified NAV applicable at the end of the ten-year term. The policyholder by opting Return... Read >

Mirae Asset to launch India-China Consumption Fund

Mumbai: Mirae Asset Mutual Fund today announced the launch of its open ended equity Mirae Asset India-China Consumption Fund. NFO Date: March 9, 2011 to March 23, 2011 The scheme will focus on sectors and companies benefiting from consumption-led dema... Read >

IRDA asks agents to lower policy lapses

Life insurance agents will have to ensure that at least 50 per cent of their clients do not default on premium payment from 2011-12 and 75 per cent from 2014-15; License renewal will depend on meeting persistency requirement Mumbai: Every life insuranc... Read >

The importance of retirement plan

P.V. Subramanyam’s maiden book on retirement is not about understanding how the financial market functions or how to time the market. Instead, it deals with the most unexplored issue of retirement planning. Clearly, the book seems to have hit the right ch... Read >

AMFI to become an SRO by 2014-15

H N Sinor, chief executive of AMFI, is at the helm of the industry body when mutual funds are wading through difficult times. In an interview with Ravi Samalad, Sinor said the fund industry plans to bring in greater transparency in the manner in which it ... Read >

Tight liquidity hits flow into MFs

Mumbai: Inflows into liquid schemes of mutual funds have dropped due to a liquidity crunch in the system. Liquid schemes saw net outflows (of Rs 12,500 crore) for the first time in a year in December 2010. During April-November 2010, net inflow into li... Read >

Global distributors yet to comply with KYD norms

Mumbai: The inertia to comply with the recent ‘know your distributor’ (KYD) norms introduced by AMFI is not only from domestic distributors. Asset management companies, financial services arms of corporate distributors and IFAs present in areas like Dubai... Read >

Fee to replace upfront commission

Mumbai: AMFI is working on a distributor compensation plan that will replace the upfront commission paid by mutual funds with a charge directly collected from investors. The industry body is planning to approach SEBI after having discussions with its b... Read >

AMFI asks distributors to organize

Mumbai: AMFI wants mutual fund distributors to organize themselves into a national association with state-level chapters. The purpose of bringing distributors on a common platform is to ensure they become part of the process that leads to decision-making ... Read >