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
You might have heard during the recent controversy on new Sebi norms on multi cap mutual funds that most multi cap schemes have ver little or nil investments in small cap stocks. Here is surprise for you: introducing Quant Active Fund, a multi cap mutual fund scheme with 53% of its assets in small cap … 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
Mutual fund investors are calling up their advisors to check whether they should stop their regular investments in multi cap mutual funds until there is some clarity on how the fund houses are planning to deal with the issue of new Sebi norms on multi cap mutual funds. Some mutual fund advisors are indeed asking … Read more
The Standing Committee on Finance has recommended to the centre to abolish the tax on Long Term Capital Gains for all investments in startups which are made through collective investment vehicles such as angel funds, alternate investment funds (AIF), and investment LLPs. The committee in its report “Financing The Startup Ecosystem” said the tax should … Read more
MUMBAI: The weekend celebrations of investors in small-cap stocks over the capital market regulator’s stricter investment norms for mutual funds’ multi-cap funds-a product with a mandate to invest across share categories– may prove to be premature. Mutual funds are looking at various possibilities that would help multi-cap schemes avoid forced purchases of small- and mid-cap … Read more
By Atul PM Hello from ETMarkets’ work-from-home desk! Phew! It’s been such a rollercoaster week since we last caught up! To begin with, Monday blues were hard thanks to Sebi tightening the margin norms, which woke up the hibernating bears. By mid-week the bulls toiled hard to pull the market up, but the bears had … Read more
NEW DELHI: Stock brokers‘ association Anmi on Thursday urged markets regulator Sebi to waive the penalty for short margining in all the segments till September 15 as systems are not fully geared for the new mechanism on ‘pledge and repledge’. The new mechanism on ‘pledge and repledge’ came into force from September 1. Under the … Read more
MUMBAI: The Reserve Bank of India (RBI) on Thursday came out with a ‘5-Core Actions’ approach for promoting financial education, which among other things include development of relevant content for school children and adults, community participation and collaboration among various stakeholders. The ‘National Strategy for Financial Education 2020-2025’ (NSFE), released by the RBI, has suggested … Read more
Mumbai: Learning its lesson from Ruchi Soya Industries’ extreme share price movement after the company went through insolvency proceedings, the Securities and Exchange Board of India (Sebi) proposed to rejig the minimum public shareholding norms for firms under insolvency. In a consultation paper floated on Wednesday, the markets regulator proposed three options for companies which … Read more