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MFs cheer move to allow celebrity endorsements
Mutual funds have welcomed the regulator’s decision to allow celebrity endorsements. The Association of Mutual Funds in India (Amfi) is planning to come up with a road map soon. Just like other financial products, such as banking, insurance, and home loans, mutual funds will be able to rope in big stars to create awareness and increase reach of their offerings. Celebrity endorsement was a long-standing demand of Amfi, a move that faced resistance due to fears of mis-selling.
http://www.business-standard.com/article/specials/mutual-funds-cheer-move-to-allow-ce..
18-Jan-2017

India's long running bond rally set to fizzle out
It’s getting increasingly hard for strategists to stay bullish on Indian bonds after the longest rally since 2003. Even as a banking system awash with cash continues to spur local demand for sovereign notes, Citigroup Inc. sees gains fizzling out in the second half of 2017 as the central bank’s monetary easing cycle draws to a close. Standard Chartered Plc expects a pick-up in inflation to spur bond losses in the July-December period.
http://economictimes.indiatimes.com/markets/bonds/experts-see-indias-long-running-bon..
18-Jan-2017

Fund houses hunt value in depressed capital goods sector
The capital goods sector, which has put investors on wait for long with no signs of turnaround in sight, has suddenly found favour with the domestic mutual fund industry. A bulk of this money has gone into the capital goods major L&T, though the company is projected to report a drop in December quarter bottom line.
http://economictimes.indiatimes.com/markets/stocks/news/fund-houses-hunt-value-in-dep..
18-Jan-2017

From junkets to knowledge
We are seeing a big push towards ‘right sales’ and investors are responding by using the systematic investment plan vehicle to rupee cost average their investments
http://www.livemint.com/Money/1G8FDN2wwv840ZJ2wTRDCL/From-junkets-to-knowledge.html
18-Jan-2017

CPSE ETF catches investors eyes as fund outperforms
For investors, Prime Minister Narendra Modi is emerging as the best manager of companies. His government’s exchange traded fund of the top 10 state-owned firms has returned 31 per cent in the past year, more than double the gains in the benchmark stock index, data compiled by Bloomberg show. Investors who missed buying the fund three years ago will get an opportunity on Wednesday as Modi seeks to raise 45 billion rupees ($660 million) selling new units.
http://economictimes.indiatimes.com/markets/stocks/news/modi-backed-etf-catch-investo..
18-Jan-2017

2.4 million new demat accounts opened last year, highest since 2008
hury/Mint The number of dematerialized (demat) accounts opened in India last year was the highest since 2008, as more retail investors opted to invest in stocks in a country where people traditionally prefer gold, real estate and bank deposits. As many as 2.4 million new accounts were opened in 2016, according to data from depositories National Securities Depository Ltd, and Central Depository Services Ltd . That compares with nearly 3 million accounts opened in 2008
http://www.livemint.com/Money/1obvYAc2YiDhWSbBtaYG3J/24-million-new-demat-accounts-op..
16-Jan-2017

Allow MF distributors to give incidental advice to investors
An association of mutual fund agents has suggested markets regulator Sebi to allow distributors to give incidental advice to investors, terming it an essential component needed by customers to buy products.
http://economictimes.indiatimes.com/markets/stocks/news/allow-mf-distributors-to-give..
16-Jan-2017

BSE introduces online facility for CPSE ETF's FFO subscription
To facilitate acceptance of subscriptions for Further Fund Offer of CPSE ETFs, BSE has introduced an online mechanism for investment and subscription of exchange-traded fund on its Internet-based book building system (iBBS) platform. The facility, which will be provided through the iBBS platform, will be made available to trading members registered with mutual fund industry body Amfi.
http://economictimes.indiatimes.com/markets/stocks/news/bse-introduces-online-facilit..
16-Jan-2017

BSE to launch country’s first IPO by a stock exchange on Jan 23
India's second largest domestic stock exchange BSE on Friday said it would hit the market with its initial public offering (IPO) on January 23. The IPO is expected to be sold in the price band of Rs 800-850 apiece, with existing investors offloading shares worth nearly Rs 1,350 crore through the offer.
http://economictimes.indiatimes.com/markets/ipos/fpos/bse-to-launch-countrys-first-ip..
16-Jan-2017

Global fund industry faces stricter rules
Global regulators sought to rein in risk at money managers such as BlackRock Inc. and Vanguard Group Inc., calling for new protections against potential fund losses that could roil the broader financial system. The Financial Stability Board, whose members include the US Federal Reserve and the Bank of England, recommended that regulators bolster oversight of exchange-traded, mutual and other funds to ensure they can withstand market stress.
http://economictimes.indiatimes.com/markets/stocks/news/this-77-trillion-industry-fac..
16-Jan-2017

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