Capital Market Regulator SEBI Changed The Rules Of Mutual Fund
Capital market regulator SEBI changed the rules of Mutual Fund, now the amount will have to be invested in these schemes.
Capital market regulator SEBI has amended the rules of mutual funds. Under this, mutual funds will need to invest money in their schemes, which will depend on the risk level.
This initiative will ensure the skin in the game of the executives managing the company. This is necessary for better management of schemes and for investors.
As per the existing norms, investment is required to be one percent of the amount raised through ‘New Fund Offering’ (NFO) or Rs 50 lakh, whichever is less.
In a notification, SEBI said that the asset management company shall invest in such schemes of mutual funds based on the risks associated with the schemes as may be determined by the Board from time to time.
However, the regulator has not fixed the minimum amount that a mutual fund (MF) will be required to invest.
According to market experts, mutual funds will need to invest a higher amount in riskier schemes such as equities while lower amounts will need to be invested in low-risk investment schemes such as bond funds.
Simultaneously, SEBI decided to reduce the minimum ‘lock-in’ period for innovators after the IPO.
After the meeting of the board of directors, the Securities and Exchange Board of India Sebi said that it has also been decided to improve the disclosure rules for group companies.
SEBI has said about the ‘lock-in’ period that if the object of the issue includes an offer of sale or offer of financing other than capital expenditure for a project.
The date of allotment in the initial public issue and subsequent public issue (NFO).
Promoters’ contribution of a minimum of 20 percent should be ‘locked’ for 18 months. At present, the ‘lock-in’ period is three years.
Gold will get cheaper by Rs 50 from August 9, there will be a benefit in buying this way.
The opportunity to invest money in the Government Gold Scheme is coming again. The 5th installment of Sovereign Gold Bond Scheme 2021-22 will open for investment on 9th August.
In this, you can buy cheap gold from the market. In this, a unit of 10 grams of gold will cost Rs 4,790. One unit is equal to one gram of gold.
According to Millwood Kane International Founder and CEO Nishi Bhatt, there are many benefits to buying digital gold.
Neither do you have to pay any storage cost for this? It is easier to sell than gold jewelry. Interest coupon is also available with investment in Sovereign Gold Bond Scheme.
