SEBI also appointed a committee to look into a liquidity and stress testing framework for debt mutual funds
Under the framework, existing AIFs may also invest simultaneously in securities of investee companies and in units of other AIFs
The Securities and Exchange Board of India (Sebi) has sought comments from the public till July 16 on the discussion paper
While staying the penalties, the tribunal directed Cairn India and others involved in the case to deposit Rs 2.5 crore with Sebi within three weeks
The net cumulative investments made by Alternative Investment Funds surged 31% to touch Rs 2 lakh crore mark in March'21.
The steps taken by Sebi have certainly made mutual fund investments more transparent and less risky
The move comes a day after Sebi exempted Heineken from the obligation of making an open offer following its proposed acquisition of shares in UBL
As per the application, Heineken is presently evaluating the acquisition of a maximum of 3,96,44,346 equity shares, amounting to 14.99%, of UBL
Asset Management Companies are required to disclose the TER of all schemes on a daily basis on their websites
The move is a welcome step to protect investors from unfair business practices by investment advisors who are often guided by a quantum of commission.