Mahindra Manulife Mutual Fund has launched Mahindra Manulife Balanced Advantage Yojana Fund. The New Fund Offer (NFO) opens on Nov 09, 2021 and closes on Nov 23, 2021. The investment objective of the Scheme is to provide capital appreciation and generate income through a dynamic mix of equity, debt and money market instruments. The benchmark for this fund is Nifty 50 Hybrid Composite Debt 50: 50 Index TRI. The fund will be managed by Mr. Manish Lodha and Ms. Fatema Pacha and Mr. Rahul Pal.

The Securities and Exchange Board of India (SEBI) clarified its position on online platforms that enable mutual fund trades. Payment aggregators should only credit the amount collected from the investorNulls bank account into an authorised account, according to the investorNulls instructions. It further stated that payment aggregators should not act on instructions from online platforms to change the list of permitted accounts, and that the money should never be credited to the online platformsN

According to AMFI, mutual funds continue to attract new investors, with the industry adding more than 10 lakh new investors in the last month. In Feb 2022, the total number of folios was 12.61 crore, up from 12.31 crore in Jan 2022, an increase of 30 lakh folios over the previous month. T-30 and B-30 sites contribute for 83% and 17% of total industry AUM, respectively.

In a circular today markets regulator SEBI with discussion with Mutual Fund Advisory Committee has allowed the AMCs to use pool accounts for such transactions which are executed at the mutual fund level subject to maintain proper segregation of assets and liabilities of each scheme. There are also certain additional conditions which must be followed by the AMCs.

Securities Exchange Board of India has asked portfolio management services (PMS) to undertake atleast 10% of their monthly secondary market trading in corporate bonds through the Request for Quote (RFQ) platform of stock exchanges. The action, according to SEBI, will increase liquidity on exchange platforms and improve transparency in PMS debt investments. The rule will come into effect from Apr 1, 2022.

Securities Exchange Board of India (SEBI), the closure of pooled accounts will have no effect on existing SIP mandates. With relation to the Oct 2021 circular restricting the usage of pooled accounts for mutual fund transactions from Apr 01, 2022, SEBI has given MFDs, RIAs, online direct investing platforms, stock brokers, and clearing members some leeway.

The Security Exchange Board of India (SEBI) issued timetables for rebalancing mutual fund portfolios in order to create uniformity. The watchdog stated in a circular that the rebalancing period will apply if the asset allocation stipulated in the Scheme Information Document (SID) is deviated owing to passive breaches. Passive breaches are those that have not occurred because of Asset Management CompaniesNull omissions and commissions (AMCs). All mutual fund schemes are required to rebalance ever

Securities Exchange Board of India (Sebi) has mandated that registered investment advisors (RIAs) provide monthly investor complaint data on their website or mobile application from 2022. The data must be provided by the 7th of the following month, according to the regulator. If an RIA does not have a website or a mobile application, the specifics of the complaint must be sent to each investor through email.

AMFI has asked the government to exempt mutual fund businesses from having to accept payments using RuPay-enabled debit cards. Payments made with debit cards, according to AMFI, result in tax avoidance because the source of funds is unknown.

SEBI has halted the mutual fund sector from releasing new fund offers (NFOs) for the time being, giving the industry time to comply with its new rules

SEBI extended the deadline for implementing certain directions for mutual funds, including those pertaining to usage of pool accounts for transactions, to Jul 01, 2022

SEBI has reinstated the initial schedule for fund houses to launch NFOs, which had been loosened in light of Covid-19. Mutual funds will now be required to launch NFOs within six months after receiving SEBI clearance.