Markets regulator Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier. This is aimed at streamlining the process, reducing timelines, and enhancing investor protection while simplifying compliance for AMCs. Source link
“We need to just, if there is some dip, if there is some fall in some stocks which we think should do well over the long term, just buy them on dip days and keep on accumulating because firstly, no bear market is imminent and secondly, markets did give a reasonable correction and I do … Read more
Foreign Institutional Investors (FIIs) returned as buyers in December after heavy selling in October and November, fueling the market’s recovery from November lows, purchasing equities worth Rs 14,435 crore through exchanges as of December 13. The total FII buying, including exchange purchases and investments through the ‘primary market and others’ category, reached Rs 22,765 crore … Read more
The markets had a wide-ranging week once again; however, they ended near its high point this time. The Nifty had ranged sessions for four out of five days; the last trading day of the week saw the Nifty swinging wildly before closing near its high point. The trading range also remained wider; the Index oscillated … Read more
Lack of an advisory ecosystem in India is the biggest impediment for the domestic mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry … Read more
Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials. However, such documents must be available for the purpose of supervisory functions of … Read more
Capital markets regulator Sebi has advised caution to investors as it found unregistered online platforms offering unlisted debt securities to investors. “The public is urged to exercise caution in undertaking transactions on such unregistered platforms,” Sebi said while adding that such platforms appeared to provide an avenue for investors to acquire unlisted debt securities These … Read more
Markets regulator Sebi has notified rules on nomination allowing nominees to act on behalf of incapacitated investors. Additionally, it notified the rule mandating every participant to provide beneficial owners with the option to nominate a person to whom their securities will transfer upon their death. “Every participant shall provide an option to the beneficial owner … Read more
Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 78,700 per 10 grams on Thursday. Silver … Read more
Nisus Finance Services Co Ltd on Friday said it aims to raise over Rs 114 crore through its initial public offering (IPO) which will open for subscription on December 4. The issue, with a price band of Rs 170 to Rs 180 per share, will conclude on December 6. The anchor book bidding will open … Read more