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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Sebi tightens inter-scheme transfer norms for mutual funds

MUMBAI: The Securities and Exchange Board of India (Sebi) on Thursday tightened inter-scheme transfer (IST) norms for mutual funds to further safeguard investors’ interest, and said such rules will be applicable from January 1. As per the current norms, transfers of securities from one scheme to another scheme in the …

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Franklin Templeton: Franklin defends investment decisions, says employees still hold investments in shut schemes

In a latest update to investors in six shuttered debt mutual fund schemes, Sanjay Sapre, President, Franklin Templeton Asset Management (India), defended the fund house’s decision to not exercise “put” option in papers. He also reiterated that employees who made investments in the six shut schemes continue to hold substantial …

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Sebi serves fresh show cause notice to Kotak Mutual Fund

The Securities and Exchange Board of India (Sebi) has served a fresh show cause notice to Kotak Mahindra Asset Management for delay in repayment of money to unitholders of four close-ended debt schemes that held securities of Essel Group on their maturity, said three people with direct knowledge of the …

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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 takes steps to increase MF managers’ accountability; tightens disclosure norms

Markets regulator Sebi on Tuesday decided to make mutual fund managers more accountable by introducing a code of conduct for them and tightened disclosure norms with regard to forensic audit of listed entities. The watchdog also decided to strengthen the role of debenture trustees and amend insider trading norms. The …

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Sebi eases fund raising norms for REITs, InvITs

New Delhi: Seeking to make fund raising easier, markets regulator Sebi on Monday provided relaxations to REITs and InvITs for preferential and institutional placement of their respective units. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) can now raise equity capital through institutional placement route two weeks after …

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Launch of more products, retail participation to scale up GIFT IFSC: Tapan Ray

NEW DELHI: A bigger basket of financial service products and retail participation will help in making GIFT IFSC attractive for international players, GIFT City managing director Tapan Ray has said. Launch of more products and participation from retail investors will shore up volume and liquidity at the country’s only International …

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