The Securities and Exchange Board of India (Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday. The capital markets watchdog will also root for a tax break for municipal bonds during its meeting … Read more
Sebi’s new asset class: Hours after the SEBI floated its idea to launch a new asset class, which will have more flexibility than a regular mutual fund scheme and lower ticket size than portfolio management services (PMS) and will cater to investors with a high-risk appetite. The new investment asset will be offered under the mutual … Read more
SEBI, the regulatory authority in India, is stepping up its oversight of small-cap funds. They’re now seeking information from individual asset management companies (AMCs) regarding the sale of these funds to super senior citizens. This move aims to ensure greater protection for elderly investors. The news was initially covered by Mint. Investment advisors suggest that … Read more