FIFA has been incorporated as a section 25 (not-for-profit) company
Independent Financial Advisors (IFAs) have formed a pan India body called Foundation of Independent Financial Advisors (FIFA). FIFA has been incorporated as a section 25 (not-for-profit) company.
The main objects of FIFA are to educate and develop IFAs; to promote the value of independent financial advice; to achieve the goal of financial inclusion, retail penetration, investor awareness and education; to present the collective views of the IFA community to the financial fraternity, policy makers and regulators to facilitate the development of balanced regulations governing financial product distribution and investment advice; to help members understand implications of new regulations ; help them to adapt to the new regulations, etc.
IFAs include professional such as CAs, MBAs, CFAs, CFPs, who offer independent advice on financial matters to their clients by keeping their client’s interest uppermost and recommend suitable financial products covering a broad range including mutual funds, bonds, deposits, equities and insurance. They also provide the necessary execution services. The term “Independent” refers to advisors working independently for their clients rather than representing an insurance company or bank or other product providers/manufacturers. Their independence ensures that they have no inherent biases to a particular product provider/manufacturer. In India IFAs are also identified separately from institutional distributors like banks, national and regional distributors.
The quarterly and annual dividend options under IDFC Dynamic Bond Fund-Plan B is effective from 6th April
IDFC Mutual Fund said that it has introduced quarterly and annual dividend options under IDFC Dynamic Bond Fund-Plan B. The scheme is an open-ended fund. The option is effective from 6th April.
Under dividend option, the board shall reserve the right to declare quarterly and annual dividend, subject to availability of distributable surplus. The investment objective of the scheme is to achieve optimal returns by investing in high quality money market and debt instruments.
The revised exit load will be 1% if redeemed within one year from the date of allotment
Taurus Mutual Fund has declared that it has revised the exit load structure of Taurus Dynamic Income Fund, with effect from 9th April. The revised exit load will be 1% if redeemed within one year from the date of allotment.
Earlier, the exit load was charged at 1% if redeemed within 90 days from the date of allotment.
Taurus Dynamic Income Fund is an open ended income scheme. The investment objective of the scheme is to generate optimal returns with high liquidity through active management of the portfolio by investing in Debt & Money Market Instruments.