mutual fund schemes: Sebi tightens rules on inter-scheme transfers in mutual fund schemes

The Securities and Exchange Board of India (Sebi) has tightened rules on inter-scheme transfers (ISTs) in mutual fund schemes. The regulator said inter-scheme transfers for managing liquidity should only be taken after all other avenues including using cash, market borrowing and selling securities in the market, for raising liquidity have …

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ABSL mutual funds: Aditya Birla Sun Life Mutual Fund launches Special Opportunities Fund

Aditya Birla Sun Life AMC has announced the launch of Aditya Birla Sun Life Special Opportunities Fund, an open-ended equity scheme following the special situations theme. The fund will be managed by Anil Shah. The fund management team also includes Chanchal Khandelwal and Vinod Bhat. The NFO opens on October …

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