The FinTech Hub
Source: Live Mint Top News 1/India’s Goods and Services Tax (GST) collections for January 2025 reached ₹1.96 lakh crore, marking a significant 12.3% year-on-year growth compared to January 2024. This surge reflects increased economic activity, improved compliance, and stricter enforcement measures by tax authorities. The robust growth in GST revenue indicates strong consumption trends, business…
Source: Live Mint Top News SEBI has launched MITRA, a centralized platform to monitor and manage inactive MF folios Supervised by leading registrar and transfer agents, CAMS and KFin Tech, MITRA aims to enhance investor protection by identifying and addressing dormant folios. The platform helps track unclaimed dividends, unredeemed units, and other inactive investments, ensuring…
Source: Live Mint Speaking to mutual fund distributors at an event, the executive director and chief investment officer at ICICI Prudential Asset Management Company said the risk in the financial system had shifted from banks to SIP investors. His remarks triggered a heated debate among industry leaders, with some fund managers dismissing his concerns as…
Source: Live Mint Top News SEBI unveils framework for safer retail participation in algorithmic trading SEBI has introduced a regulatory framework for retail algorithmic trading through brokers, effective August 1, 2025. The framework requires brokers to oversee API-based algo trading, empanel algo providers, and ensure compliance with stock exchange norms. Brokers must review, approve, and…
Source: Live Mint Top News SEBI Mandates Evaluations for Market Infrastructure Institutions to Ensure Transparency and Efficiency The Securities and Exchange Board of India has mandated external and internal evaluations for Market Infrastructure Institutions and their statutory committees. This move aims to enhance transparency, governance, and performance efficiency in financial markets. The evaluations will help…
Source: Live Mint Motilal Oswal Mutual Fund has launched a new arbitrage fund with a unique zero-expense offer for the first year. The New Fund Offer (NFO) is open for subscription from 16-19 December. This offer is exclusively available for direct plans, catering to investors who prefer the direct investment route. What are arbitrage funds? …
Source: Live Mint SBI Mutual Fund has introduced a new fund offer (NFO) on December 4 called SBI Quant Fund. It is an open-ended equity scheme following a Quant-based investing theme and will be benchmarked against the BSE 200 TRI. The scheme will stay open for investors until December 18 and will reopen for continuous…
Source: Live Mint The proposal mandates asset management companies (AMCs) to allocate funds within 30 days of NFO closure, with a possible 30-day extension upon committee approval. The market regulator’s objective is to enhance transparency and safeguard investor interests by reducing fund idle time and ensuring alignment with stated asset allocations. Why Sebi is setting…
Source: Business Standard 3 min read Last Updated : Oct 15 2024 | 4:46 PM IST Bandhan Mutual Fund on Monday launched two new index funds, the Bandhan Nifty 500 Value 50 Index Fund and the Bandhan Nifty 500 Momentum 50 Index Fund. These open-ended schemes will track the Nifty 500 Value 50 Index…
Source: Business Standard Illustration: Binay Sinha 5 min read Last Updated : Oct 11 2024 | 3:21 PM IST WhiteOak Capital Mutual Fund on Friday launched a new thematic fund called ‘WhiteOak Capital ESG Best-in-class Strategy Fund’, an open-ended equity scheme that invests in companies following the Environment, Social and Governance (ESG) theme. …
