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The AMFI Registration Number (ARN) is the unique code, which identifies the intermediary as AMFI Registered Mutual Fund Distributor (ARMFD). The body has reduced the fees by 50 per cent of the existing rates, with effect from 1st May 2021.
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If fund managers have a stake in their schemes and are likely to be financially pinched by their judgments, they might become cautious in the investments they make and be less prone to taking reckless bets.
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"Investors derive comfort when their advisors and fund managers do what is actually being said to them," he said
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Fund managers and key employees investing in their own schemes could be a comforting element for many investors, provided it is done voluntarily
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The new rule is expected to bring greater consistency and will come into effect from July 1
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The size of the fund house, the performance of other funds from that AMC, and the fund manager’s track record should be considered before selecting an NFO, according to Pankaj Mathpal, MD, Optima Money Manager
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ICICI Prudential Mutual Fund has announced 03 May 2021 as the record date for declaration of Income Distribution Cum Capital Withdrawal.
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He said investment trends have witnessed a massive change in the past 18 months
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Nifty Next 50 index’s return since inception stood at 15.56% CAGR (as on March 31, 2021)
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The mutual fund industry had assets under management (AUM) of Rs 31.43 lakh crore at the end of March compared to Rs 22.26 lakh crore in March 2020