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8/8/2019 FSM Projects Nehha
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By: T.Y.B.C.B.I.
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Whatare mutual funds?
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Basic types mutual funds
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What Does Portfolio Management?
The art and science of makingdecisions about investment for
individuals and institutionsPortfolio management is all aboutstrengths, weaknesses,opportunities and threats in thechoice of debt vs. equity, domesticvs. international, growth vs.safety, and many other tradeoffs.
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Comparison of PMS with MUTUAL
FUNDIn both PMS (portfolio managementservices) and Mutual Fund, the fundsare managed by professionals having
knowledge and experience usingmarket analysis and research.
The substantial difference between thetwo is that PMS is personalized service
wh
ere each
customerh
as a Portfolioaccount and is managed independentlywhereas the funds are collectivelymanaged in Mutual Fund.
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SEBI GUIDELINES GOVERNING
MUTUAL FUNDS
The market regulator is putting togetherguidelines for banks and nationaldistributors to check mis-selling of mutualfunds.
Mutual funds cannot invest more than 10per cent of the total net assets of a schemein the short-term deposits of a single bank,the Securities and Exchange Board of India
guidelines recommend.
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SEBI GUIDELINES
GOVERNING MUTUAL FUNDS
Announcing guidelines for parking offunds in short-term deposits ofscheduled commercial banks (SCBs)
by mutual funds, the regulator saidthat investment cap would also takeinto account the deposit schemes ofthe bank's subsidiaries.
The Sebi has also defined 'short term'for funds' investment purposes as aperiod not exceeding 91 days.
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SEBI GUIDELINES GOVERNING
MUTUAL FUNDSIt has also asked the trustees to disclose detailsof all such funds parked in short-term deposits inhalf-yearly portfolio statements under a separateheading and has said that AMCs should alsocertify the same in its bi-monthly compliance testreport.
All the short-term deposits by mutual fundsshould be held in the name of the schemeconcerned only, it added.
The Sebi said that these guidelines are aimed atensuring that funds collected in a scheme are
invested as per the investment objective statedin the offer document of an MF scheme.
The Sebi has also asked the trustees of a fundto ensure that no funds are parked by a schemein short term deposit of a bank, which has
invested in that particular scheme.
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Violation of guidelinesy SEBI may initiate action for suspension ao
cancellation of registration of an intermediaryholding a certificate of Registration who fails toexercise due to diligence or to comply with theobligation under SEBI regulation.
y The Board may in addition to suspension orcancellation of certificate, order suspension oflaunching of any scheme.Of a mutual fund fora period not exceeding one year for violation
of any of the provision of the regulation.whileany proceeding of suspension or cancellationis pending, SEBI may order suspension forlaunching of any schemes not exceeding threemonths.
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THANK
YOU.