Discover and read the best of Twitter Threads about #MFDs

Most recents (10)

For #MutualFund Industry:
1. Removal of #GST for commissions paid to #MutualFundDistributors who cannot recover the same from their investors. Only industry where this happens

We need more #MFDs to achieve goal of reaching Rs.100 lac crs in AUM
Removal of #LTCG from #Equity and #EquityMFSchemes. Will have very low impact on fiscal collections.

But it will improve sentiments and move funds from non-productive assets like #Gold to #FinancialAssets like equity.
#MutualFunds help in mobilizing small savings - channelizing them into building economy thru #Equity & #Debt. This will help in reaching $5 trln GDP target
Read 7 tweets
#Budget2022 wish list:

Congratulations to @nsitharaman and @PMOIndia to guide our country thru this #pandemic period. You have avoided excesses of many countries during this period. Thanks to that #India is touted as the next preferred #investment destination.
It is dream of our Hon #PMModi to reach $5 trln economy very soon. For that, besides Govt spending, you will need help from citizens to save, invest and channel the same to productive use through investment vehicles like Mutual Funds.
Our #MutualFund Industry has grown from 25 lac crs to currently 37 lac crs and likely to touch 100 lac crs.

#MF mobilizes #savings of all #Investors - #retail, #HNI, #Institutional and helps in growing our economy by participating in #Debt and #Equity - key drivers for growth
Read 15 tweets
Many have asked me about spate of IPOs and NFOs launches and my thoughts. Should they invest or not?

Another question: why are AMCs launching NFOs at expensive valuations?

My thoughts on this subject:
If you had bought 5kg of sugar from a grocer & you order another 2kgs next day, will the grocer not sell you more? They are in the business of selling you day to day groceries.

What and how much you need is your choice as a customer. You cannot blame the grocer for selling
Put differently:
Which medicine(scheme) needed for which patient(Investor) is job of a Doctor(MFD) or patient(DIY Investor). It is not job of Pharma Companies(AMCs).

Just because Pharma Cos repackage the medicines, does not mean patients should increase their dose
Read 8 tweets
Time & again most #MFDs & FT itself letting Actual Investors of these 6 schemes know that even in times of #COVID they have accumulated more than ₹11000 crores without #monetization but still few people are having unnecessary doubts. (2)
I personally believe that if #History will be written, the #historians will focus on the solution not on the problem.

Saying Yes, to both Winding Up Consent & Active #Monetization is only & solely in the best possible move for #investors. (3)
Read 75 tweets
Couple of days back office of #MutualFund house was closed in #Chandigarh as one of the employees at a senior position was tested positive for #COVID19 & also 2 of his family members. The risk is high #AMCs, #RTAs & #MFDs must take ample precautions. @amfiindia @fifaindiaorg
Request all #MFDs to do all transactions in digital mode. Request @amfiindia to ensure that all those requests that are to be submitted physical some digital alter must be opted for. In the interest of #AMCs, #RTAs, #MFDs & #Investors some solution must be thought. (2)
Request @NileshShah68 to kindly look into the matter. As per our understanding the amicable solution to this is taking scan copies of the documents or hard copies can be collected outside the office premises of #AMCs, #RTAs or #MFDs!! @ananthng @Sanjay_69 @klash233 @dhirendra_vr
Read 4 tweets
As per terms of @amfiindia each #MFD has to submit DSC within 3 mths after the end of each FY. This has to be submitted in physical mode only. Now, @Camsonline offices are closed because of #lockdown.

Request for Digital Mode - OTP Based submission! @fifaindiaorg @NileshShah68
Thanks for swift action.

If FATCA can be updated on OTP basis, why cannot DSC be for all KYD compliant MFDs!! We reiterate our request for OTP based solution for DSC. @amfiindia @NileshShah68 @Camsonline @fifaindiaorg @cafemutual @wealthforum_tv @Sanjay_69 @bsindia @livemint
A big thanks to @amfiindia & @Camsonline for enabling OTP based solution of DSC for #MFDs. And a special thanks to @NileshShah68 🙏.

@cafemutual @Sanjay_69 @livemint @fifaindiaorg @wealthforum_tv @bsindia @EconomicTimes @ETNOWlive @FinancialTimes
Read 3 tweets
As @Camsonline has imposed a limit of ₹10 lakhs per month on withdrawals from its #myCAMS platform. There is a lot of noise around it among #MFDs! Are #IFAs providing service service via there software? If So, then Why? Opt for portfolio software in the interest of #investors.
There are portfolio software companies like @InvestwellSoft, @redvision010716, @Tickermarket, @OFA_FIINFRA etc. #MFDs can for softwares like that & these all are integrated with @BSEStARMF & @NSEIndia NMF-II, by virtue of which #investors can buy/ switch/ redeem; without limits.
If an #IFA/ #MFD has not opted for @BSEStARMF or @NSEIndia NMF-II they must & if unwilling then even there is a solution. Most AMCs are providing this through apps or online on website. In all the cases mobile no. & email id of the #investors must be registered for OTP.
Read 3 tweets
@utimutualfund has taken #DHFL mark down to another level. Neither opted for side-pocketing nor has stopped fresh inflows. But, No Commission for #MFDs on affected Schemes w.e.f. from 13-06-19, for protecting #interest of existing #investors affected due to DHFL. @SEBI_India
#MFDs are fine if its about #investors #interest but stopping commissions in Treasury Advantage Fund, Short term income fund, Dynamic Bond Fund & Bond Fund is totally 'Unethical'! Have #MFDs proposed to add #DHFL Papers or Fund Management!! @cafemutual
@wealthforum_tv @livemint
As per communication from @utimutualfund Team, it is applicable only on New / Fresh Purchases till further notice. Not on existing assets or ongoing SIPs. @fifaindiaorg @SEBI_India @cafemutual @wealthforum_tv @ArthmitraG @livemint @kayezad @moneycontrolcom @CNBC_Awaaz @NDTVProfit
Read 3 tweets
Request @SEBI_India: 'Direct Plans' in #MutualFunds have separate TER & NAV. Why not AMCs have an 'ARM LENGTH' distance by opening 'Separate Branches' Across #india? It is in the interest of #investors. Unfair with both #investors & #MFDs! @amfiindia @bsindia @livemint @ETNOWlive
Separate Branch = Separate Employees; Separate Employees must be qualified to sell direct plans & be designated as #EMFA (Employee Mutual Fund Advisors) & they cannot sell/ advice #MutualFunds of other AMCs @SEBI_India @amfiindia @cafemutual @wealthforum_tv @NagpalManoj @livemint
Separate branches = Separate Accounting Norms

AMCs must have 2 separate heads of Profit & Loss for both Direct & Regular Plans in #MutualFunds. A True Sense, Arm Length Distance both on Physical & Financial Grounds. @SEBI_India @amfiindia @cafemutual @wealthforum_tv @CNBC_Awaaz
Read 3 tweets

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