mutual fund schemes: Sebi introduces very high risk category in mutual fund schemes

Markets regulator Sebi on Monday revamped the product labelling on mutual fund schemes under the risk-o-meter by introducing “very high risk” category to warn investors. The existing five categories to measure risks are – low, low to moderate, moderate, moderately high, and high. Based on the scheme characteristics, mutual funds …

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Sebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore

Mumbai: The Securities and Exchange Board of India (Sebi) has enhanced the penalty against three rating agencies- ICRA,CARE and India Ratings and Research to Rs 1 crore each for their lapses in giving credit rating to non- convertible debentures of IL&FS. “I find that the lapses on the side of …

Read moreSebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore