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AMC REMUNERATION
No individual data, Sebi to tweak AMC exec pay disclosure normsIn a bold initiative, the Securities and Exchange Board of India (Sebi) is looking to overhaul the reporting standards for executive compen...
Sebi proposes consolidated disclosure norms for executive pay at AMCsSebi has proposed enhanced remuneration disclosure norms for mutual fund asset management companies, including consolidated disclosure of e...
Sebi proposes consolidated disclosure of executive pay at asset managersIndia's markets regulator, SEBI, has proposed a change for asset management companies. Executives and high earners in these firms may soon ...
Gen Z mentors flip the corporate learning scriptIndian companies are embracing reverse mentoring and cross-generational learning. This helps employees adapt to artificial intelligence. Yo...
UAE hotels find peace in war, go for renovations and upgradesPremium hotels in Dubai are undertaking renovations. This is happening due to a slowdown in tourist numbers. Some hotels will close for up ...
How much money did ICICI Prudential’s star fund manager Sankaran Naren make in FY25?ICICI Prudential AMC, India’s second-largest asset manager, has filed draft IPO papers with SEBI for an offer-for-sale of 1.76 crore shares...
Sebi relaxes 'skin in the game' rules for mutual fund managers, allows slab-wise contributionSebi has relaxed the 'skin in the game' requirements for mutual funds, allowing AMC employees a slab-wise contribution based on their salar...
Sebi asks AMCs for NFO fund deployment within prescribed time; ensure MF stress test disclosureMarkets regulator Sebi has amended mutual fund rules asking asset management companies (AMCs) to deploy the money collected from investors ...
Sebi board meeting: 2 announcements for mutual fund industrySebi has eased regulations to align AMC employees' interests with unitholders, simplify mutual fund operations, and mandate stress test dis...
Prashant Jain quits HDFC AMC after a 19-year stintAfter a 19-year-stint with the HDFC Mutual Fund, star fund manager Prashant Jain has decided to quit the mutual fund house.
Aligning incentives at mutual fundsThe assets under management in MF schemes are now over ₹32 lakh crore, and we need transparency on MF returns. Sebi has also, sensibly, rev...
Sebi asks MFs to pay 20% of fund managers’ salary via scheme unitsSecurities and Exchange Board of India today said that asset management companies must pay at least 20 per cent of gross salary of key empl...
Investors will be better off if they stay put and not react: Aashish Somaiyaa, Motilal Oswal AMC"If people feel their debt investments are at risk, instead of panicking they should take the help of a financial adviser and review their ...
ICICI Prudential appoints Sankaran Naren as executive directorNaren received Rs 4.75 crore as remuneration. ICICI Prudential is one of the largest AMCs in the country with assets under management of Rs...
Your mutual fund manager takes home up to Rs 6 croreReliance Mutual Fund’s CEO Sundeep Sikka earned Rs 3.5 crore as salary and Rs 10.24 crore as ‘one-time payment’ in 2015-16.
- It is harder to make a sale today than it was earlier: Puneet Chaddha, CEO, HSBC Asset Management
HSBC Asset Management CEO Puneet Chaddha spoke about the upheaval in the industry, proposed regulation on advisers and about the need to in...
- Sebi mulls scrapping annual fee sub-limits for MF sellers
The market regulator is weighing options of allowing a consolidated fee structure as per the limits already in place.
- SEBI heat forces funds to revive PMS
Portfolio management service (PMS), a business that was largely ignored by many asset management companies (AMCs), is back on their radar.
- Asset management cos still divided over NOC norm
The brouhaha over the need for investors to acquire ‘no objection certificates’ (NOCs) from mutual fund distributors if they seek to switch...
- UTI Bank identity may get new shine
The country’s third-largest private bank, UTI Bank, could well be in for an identity change.