Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Sebi proposes simplified rules, lower investment floor for mutual fund PMS

Published

on

Sebi proposes simplified rules, lower investment floor for mutual fund PMS
Sebi has proposed reducing the minimum investment required for a mutual fund-only portfolio management service (MF-PMS) to Rs 25 lakh from the existing Rs 50 lakh. Unlike an equity PMS, which invests in individual stocks, a mutual fund PMS invests in a mix of active mutual fund schemes, ETFs, debt, international equity and precious metals, allowing the portfolio manager to shift allocations across asset classes.

WHAT IS A PORTFOLIO MANAGEMENT SERVICE (PMS) OF MUTUAL FUND SCHEMES?

A mutual fund PMS is a professionally managed investment portfolio that invests primarily in mutual fund schemes, exchange-traded funds (ETFs) and Specialised Investment Funds (SIFs), instead of individual stocks. Unlike an equity PMS, where the portfolio consists of shares selected by the manager, a mutual fund PMS builds a portfolio using schemes from one or more asset management companies. The portfolio manager decides the allocation across different asset classes such as equity, debt, gold, silver and international funds, and continuously monitors and rebalances the portfolio based on market conditions, valuations and the investor’s objectives. For instance, a multi-asset PMS may invest in active equity funds, equity ETFs, debt funds or debt ETFs, gold and silver ETFs, REITs, InvITs and international funds.
Read more: HUL upside maybe limited as margins face cost pressure

WHAT HAS SEBI PROPOSED FOR THIS SEGMENT?
Sebi has proposed a separate regulatory framework for mutual fund-only PMS providers in a consultation paper released last week. It has proposed reducing the minimum investment amount to Rs 25 lakh from the current Rs 50 lakh. The regulator has also proposed lowering the minimum net-worth requirement for portfolio managers to Rs 2 crore from Rs 5 crore, simplifying certification requirements, making dedicated dealing rooms optional and waiving exit loads while switching between mutual fund schemes within the PMS portfolio

Advertisement


HOW IS A PMS DIFFERENT FROM INVESTING IN MUTUAL FUNDS YOURSELF?
When investors build a mutual fund portfolio on their own, they have to decide their asset allocation, choose schemes, monitor performance and determine when to buy, sell or rebalance their investments. In a mutual fund PMS, these decisions are taken by a professional portfolio manager within the investment mandate agreed with the client. The manager decides the allocation across asset classes, selects schemes, switches between them when required, manages cash levels and periodically rebalances the portfolio. Investors pay a fee for these services. Those investing on their own can either choose direct plans, where no distributor commission is paid, or invest through a distributor or a registered investment adviser, depending on their needs.
WHO SHOULD USE A MUTUAL FUND PMS?
A mutual fund PMS is meant for investors who have at least Rs 25 lakh to invest and prefer to delegate investment decisions to a professional manager. It may appeal to those who want a single manager to oversee their allocation across equity, debt, gold, silver and international funds instead of managing multiple schemes on their own. It may also suit investors who are comfortable with active portfolio management and periodic rebalancing in pursuit of better risk-adjusted returns. Those who are new to investing or have smaller sums to invest may continue to find regular mutual fund schemes more suitable.

Add ET Logo as a Reliable and Trusted News Source

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

American Airlines flight diverts to Dublin after onboard odor incident

Published

on

American Airlines flight diverts to Dublin after onboard odor incident

An American Airlines flight from Rome to Philadelphia diverted to Dublin on Saturday after a reported odor onboard prompted a medical evaluation for multiple people. 

Flight 719, a Boeing 787-9 Dreamliner, departed Leonardo da Vinci International Airport (FCO) around noon local time but diverted to Dublin Airport roughly three hours into the flight, according to FlightAware. 

Advertisement

An American Airlines spokesperson told FOX Business the reported odor was traced to an oven onboard the aircraft. 

RYANAIR PASSENGER RECOUNTS BEING PARTLY SUCKED OUT AIRPLANE WINDOW: ‘I AM LUCKY’

American Airlines Airplanes Landing At Miami International Airport

An American Airlines airplane approaches Miami International Airport for landing in Miami, Florida.  (Ronen Tivony/NurPhoto via Getty Images / Getty Images)

Aviation insider JonNYC reported that several flight attendants may have fallen ill during the incident.

One person onboard also reported experiencing what they described as “decompression and lower oxygen levels” near the front of the aircraft, JonNYC said.

Advertisement

The Boeing 787 was carrying 281 customers and 12 crew members, the air carrier said. 

NEW BOEING AIRCRAFT DEVELOPMENT HAMPERED BY BACKLOG OF EXISTING ORDERS, SAYS CEO

First responders are present on the tarmac of an evacuated American Airlines flight

FILE – Paramedics responded to an American Airlines aircraft on Saturday after it landed in Dublin Airport to evaluate those onboard. (KTVU / Fox News)

After the plane landed in Dublin, paramedics met the aircraft at the gate out of an abundance of caution, according to American Airlines.

Several flight attendants and one customer were reportedly evaluated by medical personnel and subsequently released.

Advertisement
Ticker Security Last Change Change %
AAL AMERICAN AIRLINES GROUP INC. 15.36 +0.41 +2.74%

American Airlines said affected customers were provided hotel accommodations at no charge and continued to Philadelphia International Airport on alternate flights the next morning.  

United Airlines

Luggage bins are seen inside the cabin of a commercial airplane at O’Hare International Airport in Chicago on Oct. 17, 2019. (Photographer: Daniel Acker/Bloomberg via Getty Images / Getty Images)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“We appreciate the understanding of our customers and thank our team members for their professionalism,” the air carrier said. 

FOX Business reached out to the Federal Aviation Administration for more information.

Advertisement
Continue Reading

Business

Bali Ha'i boss claims lieutenant lived high life

Published

on

Bali Ha'i boss claims lieutenant lived high life

The Australian skipper of Bali Ha’i Cruises claims his former lieutenant lived the high life in London while on an alleged $670,000-plus stealing spree.

Continue Reading

Business

Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies

Published

on

Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies
Oil prices rose by more than $2 a barrel in early trade on Wednesday on shrinking U.S. crude inventories, recouping some of the previous session’s losses caused by a pause in fighting between Washington and Tehran.

Brent futures increased by $2.71, or 3.2%, to $86.80 a barrel at 0002 GMT, while U.S. West Texas Intermediate (WTI) ‌crude rose $2.26, ⁠or 3.4%, ⁠to $81.95.

U.S. crude inventories fell by about 3.3 million barrels in the week ended July 24 ,market sources said on Tuesday, citing data from the American Petroleum Institute.

Gasoline inventories, meanwhile, grew by 918,000 barrels, while distillate inventories climbed 355,000 barrels compared with a week earlier, the sources said.

Advertisement

Official inventory data from the Energy Information Administration is due later on Wednesday.


Further supporting prices, OPEC+ will ⁠likely halt ‌oil output increases for three months starting in October, sources told Reuters, after the producer group completes the scheduled return of ⁠barrels following voluntary cuts.
Oil prices have whipsawed on the U.S.-Israeli war in Iran, which has disrupted global flows of crude oil, particularly with the effective closure of the Strait of Hormuz. Prices plunged by about 5% on Tuesday to a two-week low on hopes that efforts to end the U.S.-Iran conflict would resume in earnest after a pause in hostilities.

U.S. President Donald Trump, who called off a two-week ‌U.S. bombing campaign over the weekend, told .Fox News on Tuesday that there were “good talks” with Iran, but threatened more strikes if negotiations break down. Iran, however, has ⁠denied that it is seeking to resume talks with the U.S.

Meanwhile, a Gulf source and a Western diplomat told Reuters that Oman has presented Iran with a plan to manage the strait, which would include collecting voluntary fees for using the passageway.

The proposals, backed by Gulf states, aim to serve as a basis to end the disruption to trade through the strait caused by the war.

Advertisement
Continue Reading

Business

Council limits fence height for Goyders’ $17m Peppermint Grove house

Published

on

Council limits fence height for Goyders’ $17m Peppermint Grove house

Mining executive Tim Goyder’s plan to fence off his $17 million Peppermint Grove home has sparked a discussion on security at a western suburbs council.

Continue Reading

Business

Costco $14M settlement: Washington shoppers may receive up to $500

Published

on

Costco Tillamook cheese bargain makes membership worthwhile for shoppers: report

Costco shoppers in Washington may be eligible to receive a cash payout after the retailer agreed to settle a class action lawsuit accusing the retailer of sending misleading promotional emails advertising limited-time offers.

The lawsuit alleges Costco violated Washington’s Commercial Electronic Mail Act (CEMA), which regulates commercial email marketing.  

Advertisement

Under CEMA, recipients may recover up to $500 per qualifying email. However, the actual payout from the settlement is currently unknown and will depend on the number of valid claims submitted. 

While denying any wrongdoing, Costco agreed to pay $14 million to settle the lawsuit, Aaland v. Costco Wholesale Corp.

COSTCO HIT WITH LAWSUIT ALLEGING PROTEIN POWDER SOLD IN STORES CONTAINS ‘DANGEROUS’ LEVELS OF LEAD, ARSENIC

Costco

People arrive and depart at a Costco Wholesale store on June 13, 2026, in Bayonne, New Jersey.  (Gary Hershorn/Getty Images / Getty Images)

Washington residents whose email addresses are in Costco’s records and who received the promotional emails between June 2021 and July 2026 may be eligible to file a claim. 

Advertisement

To receive a share of the settlement, eligible class members must submit a claim form by Aug. 24, 2026.

According to the lawsuit, Costco allegedly violated state law by sending commercial emails with deceptive subject lines that created a false sense of urgency by advertising limited-time offers that plaintiffs allege the retailer intended to extend beyond the advertised promotional period. 

Examples of the subject lines cited in the lawsuit include “Today is the last day to access Member-Only Savings” and “Hot Buys available for 5 Days Only.”

Costco shoppers in Vermont.

Customers look over food items at a Costco store in Colchester, Vermont, in August 2024. (Robert Nickelsberg/Getty Images / Getty Images)

COSTCO QUIETLY DISCONTINUES AWARD-WINNING KIRKLAND ITEM FANS CALL ‘ONE OF THE BEST’ IN THE MARKET

Advertisement

The net proceeds of the $14 million settlement will be distributed equally among class members who submit valid claims after court-approved attorneys’ fees, litigation costs and service awards are deducted. The exact payout per person remains unknown because it will depend on the total number of approved claims. 

Each class member may submit only one claim form, regardless of how many qualifying promotional emails they received from Costco.

Ticker Security Last Change Change %
COST COSTCO WHOLESALE CORP. 966.58 +15.00 +1.58%

Individuals may also choose to opt out of the settlement to preserve their right to sue separately or object to its terms by Aug. 24. 

Those who take no action will receive no compensation and will be barred from pursuing future legal claims related to the allegations covered by the settlement.

Advertisement

The court will decide whether to grant final approval to the settlement on Oct. 2, 2026, at 3:30 p.m. PT in Seattle. 

Costco customer receipt

Customer handing receipt to door checker employee at the exit, Costco megastore, Queens, New York. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images / Getty Images)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Payments may be issued by paper check, Venmo, PayPal or other electronic payment methods.

 

Advertisement
Continue Reading

Business

Corning Incorporated (GLW) Q2 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript