Archive for July 31st, 2009

Brokerages plan revised cost structure for MF distribution

Distributors of mutual funds are planning to revise their transaction cost structure to attract investors as the charge for buying units in a mutual fund goes from tomorrow, something they believe will increase sales. :-/ Distributors are now waiting to see whether asset management companies (AMCs) announce distribution commission for various MF schemes and on [...]

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Sanlam joined hands with SMC Global, eyeing India fund launch by Feb.

South African financial services firm Sanlam expects to start mutual fund operations in India by February next year and hopes to break-even in three to five years, a top executive said on Tuesday. The firm, which has joined hands with Indian broking firm SMC Global for asset management and wealth management businesses,  has received an [...]

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