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Syed Hassan, Chief Program Officer at CAMS, believes that MFDs cannot afford to delay their SIF distribution registration, as doing so could result in a loss of revenue, relevance and referrals.
The fund aims to raise USD 100 million with a minimum investment size of USD 150,000 (approximately Rs.1.35 crores).
Non-government NPS subscribers can now withdraw up to 80% of their pension corpus upon superannuation or exit. Earlier, they were allowed to withdraw only 60%, with the remaining 40% mandatorily used ...
Since taxes and statutory charges are excluded from the total expense ratio (TER), the impact on expenses that fund houses can charge is likely to be limited to about 5 basis points (bps).
Monarch Networth Capital has launched its first PMS scheme called the Monarch Wealth Creator Fund. Monarch Networth Capital is an AIF player. It currently manages AUM of Rs.1000 crore across three ...