Weekly Roundup – July 2

weekly-roundup-fallout-free-edition-660x330CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.

FTSE 100 gets to its finest weekly performance after December 2011, post Brexit vote, backed by belief that UK might not leave the EU immediately.

stocks

With effect from July 1, 2016, no exchange of pre-2005 notes to be facilitated by banks, as declared by the RBI. By mandate, exchanges will be directly mediated at any of the 20 offices of the RBI in the country.

RBI

Comptroller and Auditor General of India voices opinion on the need to audit RBI, drawing parallels to Federal Reserve in the U.S. and the Bank of England in the U.K.

bills

Three years after SEBI made it mandatory for fund houses to provide direct investment plans, preference to protect distributor channels still persist. Digitization is expected to boost disintermediation in the future.

sebi1

Sources of more than 40% of inflows into equity traced back to small towns, in April-June 2016; Small town retail investors’ increasing contribution and SEBI initiated reforms have increased inflows into equities, cite experts.

income tax 2

SEBI prompts Mutual Funds to publish key disclosures and comparable performance metrics on their websites to increase transparency. Scheme Information Documents and the Key Information Memorandums of mutual fund schemes to include portfolio details, expense ratios and scheme’s past performance, among others.

MF1

In a significant move to induce more transparency, SEBI decrees Electronic book mechanism compulsory for issuance of debt securities. BSE and NSE receive sanctions to serve as electronic book providers (EBP).

transfer-funds

The property market to break out of period of slowdown and expectations rise high for increased housing sales owing to implementation of the 7th Pay Commission recommendations. This development could also signal a significant period of growth for the Indian retail sector with rise in footfalls and increased consumption.


About CAMS:

CAMS Logo High Resolution

Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 60% of assets of the industry across 15 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading insurance companies, banks, NBFC’s and alternate investment funds. To know more visit www.camsonline.com

Advertisements

Published by

Sudarshan Ranganthan

Breaths Investments, Suggests Wealth Creation Ideas, Lives on Law Of Attraction

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s