Mutual funds will now have to deploy NFO proceeds within 30 days, says Sebi
The Securities and Exchange Board of India (Sebi) has released a consultation paper specifying the timelines for deployment of funds collected by asset management companies (AMCs) in new fund offer (NFO) as per asset allocation of the scheme within 30 business days. According to Sebi, the AMCs should specify achievable timelines in the SID regarding … Read more