Latest news with #SEBIMasterCircularforMutualFunds
News18
4 days ago
- Business
- News18
SEBI Scraps Transaction Charges To MF Distributors: What It Means For You
SEBI has removed transaction charges paid by AMCs to mutual fund distributors, effective immediately. The Securities and Exchange Board of India (SEBI) has announced the removal of transaction charges or commissions paid by Asset Management Companies (AMCs) to mutual fund distributors. SEBI had taken the decision after a public consultation and industry-wide feedback. The market regulator clarified that the changes will come into effect immediately. '…SEBI Master Circular for Mutual Funds dated June 27, 2024 (Master Circular) allows AMCs to pay to the distributor transaction charges, subject to a minimum subscription amount of INR 10,000/ – brought in by such distributors," SEBI circular mentioned. 'Based on the feedback received from the industry and considering that distributors as an agents of AMCs are entitled to be remunerated by the AMCs, the charges or commission, as prescribed under the paragraph 10.4.1.b and paragraph 10.5 of Master Circular, shall be done away with." The decision is expected to impact how AMCs structure their distributor incentives, with a possible shift towards more transparent and performance-linked commission models. For individual investors, the decision might lead to marginal cost savings, especially for those investing through distributors. For distributors, however, the change may require adjustments in their revenue models, potentially leading to greater emphasis on advisory services and long-term client relationships. About the Author Varun Yadav tags : sebi First Published: August 10, 2025, 10:08 IST News business » savings-and-investments SEBI Scraps Transaction Charges To MF Distributors: What It Means For You Latest News Uttarkashi Flood Survivors Protest Against Rs 5000 Relief Cheques, Call Amount 'Too Less' India Cricket After Ranji, Why Virat Kohli & Rohit Sharma Might Be Forced To Play Vijay Hazare Agency feeds Russia, Ukraine hold fast to their demands ahead of planned Putin-Trump summit Agency feeds India is certainly crucial in IMEC project: Italys envoy Francesco Talo Agency feeds Diksha Dagar recovers late to finish in top 10 at PIF London golf latest news
Time of India
27-06-2025
- Business
- Time of India
Quant Mutual Fund announces change in name of 4 funds
Quant Mutual Fund has announced the change in the name of its four equity funds. The changes will be effective from June 30. The fund house informed about these changes to its unitholders through a notice cum addendum. The notice read, 'NOTICE IS HEREBY GIVEN THAT, pursuant to SEBI Master Circular for Mutual Funds dated June 27, 2024, regarding modification of nomenclature of schemes to align with the scheme categories, the names of following schemes of the Fund shall stand revised as under with effect from June 30, 2025.' Also Read | MNC mutual funds struggle to perform, lose 3% in 1 year. What's driving the underperformance? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Quant Absolute Fund will be renamed as Quant Aggressive Hybrid Fund. Quant Active Fund will be renamed as Quant Multi Cap Fund. The name of Quant Multi Asset Fund will be changed to Quant Multi Asset Allocation Fund. And lastly, Quant ESG Equity Fund will be known as Quant ESG Integration Strategy Fund. Live Events The fund house further informed that all the other provisions and terms and conditions of the aforementioned Schemes shall remain unchanged. This notice-cum-addendum shall form an integral part of the SID and KIM of the aforementioned schemes and SAI of the Fund read with the addenda issued thereunder. Aditya Birla Sun Life Mutual Fund Aditya Birla Sun Life Mutual Fund has also changed the name of its three funds and the changes are effective from June 27. Aditya Birla Sun Life Frontline Equity Fund is now known as Aditya Birla Sun Life Large Cap Fund. Aditya Birla Sun Life Equity Advantage Fund is now renamed as Aditya Birla Sun Life Large & Mid Cap Fund. And the last fund is Aditya Birla Sun Life Pure Value Fund which is now known as Aditya Birla Sun Life Value Fund. Also Read | AMFI reshuffle: Mazagon Dock, MCX among 19 stocks that may be upgraded in H2 CY25 Aditya Birla Sun Life Mutual Fund further informed that the relevant changes will be carried out in the SID and KIM of the schemes. All other features and terms and conditions of SID and KIM of the schemes shall remain unchanged. This notice-cum-addendum forms an integral part of SID and KIM read with the addenda issued thereunder. Earlier this month, ICICI Prudential Mutual Fund announced the change in name of its two equity funds and mentioned that this move came pursuant to SEBI communication dated March 27, 2025, with respect to 'uniformity in the nomenclature of equity oriented schemes.
