Weekly Roundup – November 19

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CAMS 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.

The United States of America to enter the Oil Export domain, following the approval of The Bureau of Industry and Security (BIS) for export of ultra-light crude identified as Condensate.

Mutual Fund SIP

Economists and experts predict modest growth for EU economy, in the year to come. Suggestions proposed at the opinion poll conducted by Reuters for changes in the workings of the Central Bank to allow more room for purchase of eligible bonds.

index

Finance Ministry issues warnings against misuse of Jan Dhan accounts for conversion of illegal funds.

RBI

RBI to issue fresh set of regulations governing the exchange and deposit of Rs 500 and Rs 1000 at banks.

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SEBI relaxes norms for clearance and verification process for account-opening of FPIs; initiates online verification services for the same.

stocks

CDSL data affirm the positive development that Indian markets are witnessing as investments from domestic players dominate; diminishing dependence on Foreign investments seen as a healthy sign.

MF

Mutual fund industry witnessed steady growth in October, owing to sharp rise in folios; Folios in Equity funds alone attribute for 3.79 crores of the 5 crore mark reached in the last month.

AMFI and MF industry to come together for the cause of investor education in the country; Rs 300 crore to go in as investment for materialization of the same.

irdai

IRDAI to sanction insurers the claim to stake-holding beyond the cursory 15% limit, well within the scope of agreement with principles of good risk management.

About CAMS:

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Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 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, NBFCs and Alternate Investment Funds. To know more visit http://www.camsonline.com

 

 

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Published by

Sudarshan Ranganthan

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

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