The finance ministry “requested” the Securities and Exchange Board of India (Sebi) Friday to withdraw the part of its Wednesday circular that changed the rules followed by mutual funds to value perpetual bonds. The capital market regulator hadn’t responded to the suggestion at press time, but is expected to review the rules before they take … Read more
The regulator has asked mutual fund houses to rename dividend plans in both their existing as well as new schemes. It has also asked fund houses to clearly communicate to investors that a certain portion of his capital can be distributed as dividend. In every existing scheme as well as new fund offer, where the … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) has asked mutual funds to uniformly apply net asset value (NAV) across schemes upon realisation of funds. The capital markets regulator also tightened rules on the processes that fund managers follow to buy shares. The new rules will become effective from January 1. Currently, mutual fund … Read more
Is Kotak Bond Short Term Fund (Direct, growth) a safe fund to invest for building emergency corpus as well as to generate regular income?–Aditya Bhide Rushabh Desai, an AMFI-registered mutual fund distributor based in Mumbai, responds: Kotak Bond Short Term fund is a short duration debt scheme. The short duration category is meant for investors … Read more