Potential Risk Class Matrix (PRC Matrix)measures the maximum risk of debt mutual fund. This came in to force on December 01, 2021 by markets regulator SEBI, requiring all fund houses to disclose to investors of the maximum risk a debt mutual fund can take. There are basically two different types of risks associated with debt...
Top Down and Bottom Up style of investing is one of the most common terms used in fund management. Let’s look at an example. Let’s say Tim is a US based businessman wanting to set up a software business. For a software business he would need software engineers. So, instinctively his mind wanders to India...
Bima Sugam will be a one-stop platform for all insurance needs such as Life, and General insurance such as Motor, Travel, health,etc. categories. Insurance companies can onboard the platform. It’s going to be plug and play with API (Application Programming Interface) In line with creating ease of doing business and making available Life and Health...
Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic network. ONDC, is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of Government of India to develop open...
Contra fund has its genesis in the popular saying, “when others zig you zag”. It basically takes contrasting positions and consciously does not flow with the tide at all times. Let me explain you through a story. There was a boy Jay travelling with his family. They met with an accident in which he lost...
What is ePayEezz? Investor can register PayEezz electronically through MF Utility (MFU) portal. The investor provides the one-time instruction by electronic mode to their CAN (Common Account Number) registered bank thereby authorising MFU to debit the said bank account for future subscription transactions. What is the difference between the PayEezz and ePayEezz? PayEezz registration is done...
What is PayEezz? PayEezz is a facility offered by MF Utility (MFU) through which an investor can register one-time mandate. Investor provides a standing instruction to his banker authorising MFU to debit his account for any future subscription transactions such as SIP or Lumpsum. What is the benefit of registering under PayEezz? By registering under...
What is MF Utility? The Association of Mutual Funds in India (AMFI) has started a single-window Platform, which acts as a “Transaction Aggregation Portal” through which a Mutual Fund customer is enabled to transact in multiple schemes across Mutual Funds using a single form/payment. It’s a “Shared Services” initiated by AMFI subsidiary MF Utility India...
The history of automated payments in India started with Electronic Clearing Service (ECS). ECS was a revolution when it was introduced, and it was able to replace a lot of manual work, especially in salary and pension disbursements. As demand increased, ECS became inadequate to meet the needs. So, then NACH (National Automated Clearing House)...
CTS stands for Cheque Truncation System. It is online cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques. CTS is an online image-based cheque clearing system where cheque images and Magnetic Ink Character Recognition (MICR) data is captured at the collecting bank branch and transmitted electronically. The earlier...
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