The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projection

SEBI issued a circular on Two-factor Authentication (2FA) for Mutual Fund Redemption in March 2022. Users will authenticate themselves using two separate authentication factors in a two-step security procedure known as two-factor authentication, according to the new rule (2FA). Authentication factors can include a username, password, security questions, an OTP, a fingerprint, or a face ID.

The industry saw 40% decline in NFO inflows largely due to discontinuation of NFOs during the first three months of the FY 2023.

At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove

Highlights SEBI is considering introducing a performance-linked incentive scheme to promote mutual funds A consultative paper will be released to link performance and see what incentive structure can be created A SEBI Working Group is considering assigning a higher TER (total expense ratio) if an MF scheme beats the benchmark consistently Nearly 90 percent of funds have underperformed their benchmark indices Investors are moving away from active funds to passive ones on account of non-performanc

SEBI has urged fund companies to make sure that investors should complete mutual fund transactions using KYC-compliant e-wallets. This will take effect on May 1, 2023. “It should be ensured that all e-wallets are fully compliant with KYC norms as prescribed by Reserve Bank of India," SEBI said in a circular. In 2017, SEBI authorized fund houses to receive up to Rs.50,000 per fund house every fiscal year using e-wallet. After making KYC mandatory for maintaining e-wallets in mutual funds from 1st

To run the show, the US government must either earn or borrow, and when the spending exceeds the earnings, government depends on borrowings. The “Debt ceiling/Limit” was created by the US Congress in 1917 to set the maximum amount of outstanding debt the US government can incur. As on January 2023, the total US debt ceiling stood at $31.4 trillion and the government has run a deficit averaging nearly $1.3 trillion every year since 2001, meaning it spends more money than it receives in taxes and

The sebi ED said the regulator generally focuses on pushing the industry to pass on the benefits of changes like technology to the MF (Mutual Fund) investors, which may not be welcomed in certain quarters in the industry.

India's market regulator will direct brokers and mutual funds to limit the use of financial influencers in advertising and marketing campaigns, according to two people with direct knowledge of the matter. A surge in retail investors in equity markets during the COVID-19 pandemic led to a proliferation of influencers pushing financial advice on social media platforms. The Securities and Exchange Board of India (SEBI) fears they could mislead investors, according to the people, who spoke on

The Association of Mutual Funds in India (AMFI) has asked all fund houses to suspend flows into schemes that invest in foreign securities beginning Feb 2 following a nudge from the Securities and Exchange Board of India (SEBI). This comes as the industry is on the verge of breaching existing overseas investment limits.

One of the structures that Sebi is considering is to have a Base Total Expense Ratio (TER) and then allow mutual funds to charge performance fees over and above this. TER is the overall fee that mutual funds charge investors every year.

According to AMFI, equity mutual funds attracted Rs. 15,685 crore in Feb 2023 despite significant volatility in the stock markets. This is higher than Rs. 12,546 crore inflow seen in Jan 2023 and Rs 7,303 crore reported in Dec 2022. The Assets Under Management (AUM) was marginally down to Rs. 39.46 lakh crore in Feb 2023 from Rs 39.62 lakh crore in feb 2023.