New Delhi Markets regulator Sebi on Thursday made it mandatory for asset management companies to deploy money collected from ...
WhiteOak Capital Mutual Fund has introduced the WhiteOak Capital Equity Savings Fund, suitable for conservative investors ...
The Securities and Exchange Board of India (Sebi) has mandated mutual funds (MFs) to deploy the corpus collected during the ...
"The AMC shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units," it added.
SEBI mandates mutual funds to deploy NFO proceeds within 30 days, with possible extensions and penalties for non-compliance.
Funds raised in an NFO must be deployed within 30 business days from the date of unit allotment. If the AMC fails to meet ...
The move aims to encourage AMCs to collect only as much funds via NFOs as can be deployed in a reasonable time, and to discourage any mis-selling of NFOs of the mutual fund schemes. The new rule will ...
Markets regulator SEBI on Thursday made it mandatory for asset management companies to deploy money collected from investors ...
The move came after Sebi observed that in a certain instance there was a considerable delay in deployment of the funds ...
Additionally, SEBI has introduced measures to prevent mis-selling by restricting distribution commissions on NFO switch transactions within the same AMC. Sub: Timelines for deployment of funds ...
This new rule, effective from April 1, 2025, aims to ensure that AMCs only raise funds that can be reasonably deployed within ...