Alternative investment funds in a fix as SEBI’s demat deadline of Oct 31 looms: Report
1 year, 5 months ago

Alternative investment funds in a fix as SEBI’s demat deadline of Oct 31 looms: Report

Live Mint  

Alternative investment funds are in a fix over the market regulator’s diktat to dematerialise units of funds with a corpus of ₹500 crore or more by October 31, reported Business Line. The industry may reach out to the Securities and Exchange Board of India seeking extension of timeline, grandfathering of existing investments and exemption for funds whose life is ending in the next three years. “Given the tight timelines, only a few funds with limited investors who have drawn down all their capital have been able to complete the process.” Depositories are still rewriting the basic information they need from AIFs, with the latest change happening last Friday, the official said. The industry is awaiting clarity on aspects such as exemption to foreign investors to open bank accounts and the course of action for investors not providing demat accounts,” said Leelavathi Naidu, Partner, IC Universal Legal.

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Specialized investment funds: All you need to know about Sebi's new mutual fund category
Trending News
1 month ago

Specialized investment funds: All you need to know about Sebi's new mutual fund category

Live Mint  

MUMBAI : The Securities and Exchange Board of India is set to shake up the mutual fund space with a bold new category—specialized investment funds. Equity SIFs, which maintain more than 65% gross equity exposure, will be subject to a 20% short-term capital gains tax and a 12.5% long-term capital gains tax after a one-year holding period. Hybrid SIFs, with …

SEBI releases new regulatory framework for Specialized Investment Funds: How will this impact investors?
1 month ago

SEBI releases new regulatory framework for Specialized Investment Funds: How will this impact investors?

Live Mint  

Markets watchdog Sebi on Thursday came out with a regulatory framework for Specialized Investment Funds requiring a minimum investment of ₹10 lakh across all strategies. The Route 1 requires the mutual fund to have been in operation for at least three years with an average Asset Under Management of at least ₹10,000 crore over the last three years. The alternate …

Sebi allows Associations of Persons to open demat accounts. Here’s why
1 month ago

Sebi allows Associations of Persons to open demat accounts. Here’s why

Live Mint  

The Securities and Exchange Board of India on Tuesday granted permission to Associations of Persons to open demat accounts in their own name. Through demat accounts, AoPs can hold mutual fund units, corporate bonds, and government securities. "Upon examination of the relevant legal provisions and after detailed deliberations with stakeholders, to foster and ensure ease of doing business, it has …

Sebi proposes sachetization of mutual funds to boost financial inclusion
2 months, 1 week ago

Sebi proposes sachetization of mutual funds to boost financial inclusion

Live Mint  

The Securities and Exchange Board of India has unveiled a proposal for promoting financial inclusion through the "sachetisation" of mutual fund investments. The initiative proposes offering small-ticket investments, starting at just ₹250, to encourage low-income groups to begin their investment journey in mutual funds. To encourage financial distributors and platforms to participate in this financial inclusion effort, they will be …

Mutual fund investors can now nominate up to 10 individuals. Details here
2 months, 2 weeks ago

Mutual fund investors can now nominate up to 10 individuals. Details here

India Today  

The Securities and Exchange Board of India has revamped mutual fund nomination rules, introducing flexibility and transparency for investors. From March 1, 2025, Sebi’s revised guidelines allow mutual fund investors to nominate up to 10 individuals, aiming to address issues of unclaimed assets and improve asset management in cases of investor incapacity or death. Sebi has also simplified the asset …

Sebi to simplify registration for FPIs looking to invest in govt securities
2 months, 3 weeks ago

Sebi to simplify registration for FPIs looking to invest in govt securities

Live Mint  

Mumbai: India's capital markets regulator is set to ease the registration of foreign portfolio investors if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to ₹50,000 crore. "There will be zero requirements for a lot of things including investor group all that data will not be …

Alternate investment funds: An industry at risk of death by a thousand circulars
2 months, 3 weeks ago

Alternate investment funds: An industry at risk of death by a thousand circulars

Live Mint  

Everybody loves a good fight; a clash of equals can be an engaging test of skills if fair play is assured. The Securities and Exchange Board of India had permitted AIFs to issue units as partly or fully paid, with RBI’s Form INVI allowing the same. Despite AIFs bringing in convertible currency funds, their $1.5 billion overseas investment allowance hasn’t …

Alternative investment funds: Dispelling myths and unlocking potential
3 months ago

Alternative investment funds: Dispelling myths and unlocking potential

Live Mint  

Alternative Investment Funds in India have achieved a significant milestone, crossing an estimated ₹5 trillion in funds raised, with investment commitments surpassing nearly ₹12 trillion as of September. Read this | AIFs face risk of large investors moving away as Sebi tightens rules Compared to Mutual Funds with assets under management worth around ₹67 trillion, AIFs clearly have a long …

Specialised investment funds: Sebi sets ₹10 lakh minimum threshold for investors
3 months, 2 weeks ago

Specialised investment funds: Sebi sets ₹10 lakh minimum threshold for investors

Live Mint  

India’s markets regulator has set a minimum investment threshold of ₹10 lakh for investing in specialised investment funds, a new asset class that allows mutual funds to offer advanced investment strategies to investors. Mutual funds can launch investment strategies in open-ended, close-ended, and interval structures for specialised investment funds, allowing them to cater to a broader set of investors with …

₹1 lakh cr of AIF investments structured to circumvent financial regulations: Sebi’s Narayan
3 months, 2 weeks ago

₹1 lakh cr of AIF investments structured to circumvent financial regulations: Sebi’s Narayan

Live Mint  

Mumbai, Dec 17 About a fifth of all investments by AIFs has been structured to circumvent existing financial regulations like the ones on non-performing assets classification, Sebi's whole-time member Ananth Narayan G said on Tuesday. "'.of the ₹4.5 lakh crore of investments, around ₹1 lakh crore.has been questionable in terms of the regulatory intent behind those investments," he said. Sebi …

Sebi proposes using DigiLocker to help heirs claim mutual funds
3 months, 2 weeks ago

Sebi proposes using DigiLocker to help heirs claim mutual funds

India Today  

The Securities and Exchange Board of India has proposed leveraging DigiLocker, a government-backed digital document storage platform, to streamline processes and reduce unclaimed assets in the securities market. AUTOMATIC UPDATES FOR ASSET TRANSMISSION Sebi's proposal includes automatic updates to a DigiLocker user’s account status upon their demise, based on data from the Registrar General of India or KYC Registration Agencies. …

Weekend Wrap: From Swiggy to Zomato, top market movers and news of week
4 months, 2 weeks ago

Weekend Wrap: From Swiggy to Zomato, top market movers and news of week

Live Mint  

Top News The Securities and Exchange Board of India, in its recent circular, has introduced an abridged Common Application Form for certain Foreign Portfolio Investors. Franklin AMC has launched new fund offers In the mutual fund space, Franklin Templeton Asset Management Company has launched a New Fund Offer for the Franklin India Arbitrage Fund. These developments across regulatory reforms, capital …

Sebi proposes reforms for angel funds, lowering entry barriers and enhancing investor flexibility
4 months, 2 weeks ago

Sebi proposes reforms for angel funds, lowering entry barriers and enhancing investor flexibility

Live Mint  

The Securities and Exchange Board of India has proposed sweeping changes to the regulatory framework governing angel funds under Alternative Investment Funds, aiming to boost investor participation and provide more flexibility to fund managers. However, Sebi argues that angel funds provide distinct advantages, including professional management, streamlined operations, and easier access to startup opportunities, warranting their continued inclusion under AIF …

Sebi permits mutual funds to invest in overseas funds with limit on exposure to Indian securities
4 months, 3 weeks ago

Sebi permits mutual funds to invest in overseas funds with limit on exposure to Indian securities

Live Mint  

The Securities and Exchange Board of India has permitted mutual funds to invest in overseas mutual funds or unit trusts that invest a portion of their assets in Indian securities. “In order to facilitate ease of investment in overseas MF/UTs, to bring transparency in the manner of investment, and to enable Mutual Funds to diversify their overseas investments, the following …

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
5 months, 1 week ago

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities

Live Mint  

India is taking significant steps towards financial inclusion and regulatory simplification with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. The proposal allows Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities. This reform aims to enhance the ease of doing business for entities such as housing …

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI
9 months, 3 weeks ago

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI

Hindustan Times  

Demat accounts and mutual fund portfolios won't be frozen for not submitting nomination, SEBI announced today. Security holders can also receive dividend, interest or redemption payment as well as to lodge grievance or avail any service request, even if 'choice of nomination' is not submitted, SEBI wrote, adding that payments including dividend, interest or redemption payments which are currently withheld …

Stricter Norms For AIFs, Managers To Prevent Misuse Of Fund Structures, Check Sebi Proposal
1 year, 2 months ago

Stricter Norms For AIFs, Managers To Prevent Misuse Of Fund Structures, Check Sebi Proposal

News 18  

Sebi on Friday proposed stricter norms for Alternative Investment Funds, its managers and key personnel amid instances of the instrument being used to facilitate evergreening of stressed loans and circumvention of other financial sector regulations. “While the AIF industry has registered robust growth over the years, a number of instances of AIFs being structured to facilitate circumvention of different financial …

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024
1 year, 3 months ago

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024

India TV News  

Business news: Markets regulator the Securities and Exchange Board of India today extended the deadline to June 30, 2024 for demat and mutual fund account holders to provide a nomination. "Based on representations received from the market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' …

SEBI and RBI are investigating alternate investment funds’ attempts to circumvent regulations
1 year, 5 months ago

SEBI and RBI are investigating alternate investment funds’ attempts to circumvent regulations

The Hindu  

Market regulator Securities and Exchange Board of India and the Reserve Bank of India are investigating a dozen cases of alternate investment funds allegedly being used to circumvent regulations, including “evergreening” of stressed loans, according to three sources with direct knowledge of the matter. SEBI has detected at least a dozen cases involving ₹150-200 billion where AIFs have been misused …

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1
1 year, 6 months ago

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1

Hindustan Times  

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. Mutual fund folios nomination: The deadline to designate nominees for all existing mutual fund folios, including jointly-held ones, is September 30, 2023. Sebi nomination deadline for demat, trading accounts: The cutoff date for eligible existing trading and demat account holders …

Alternative investment funds and innovative opportunities for investors
1 year, 7 months ago

Alternative investment funds and innovative opportunities for investors

Live Mint  

Over the past few years, alternative investment funds have evolved as a popular investment vehicle. Over the previous seven years, the AIF category in India has increased tenfold, with assets under administration totalling ₹7 trillion, according to the Indian Association of Alternative Investment Funds. Compared to a decade ago, when overseas investors infused majority of the capital, almost 80-90% of …

Sebi Extends Nomination Deadline For Existing Trading, Demat Account Holders Till Sept 30
2 years ago

Sebi Extends Nomination Deadline For Existing Trading, Demat Account Holders Till Sept 30

ABP News  

The Securities and Exchange Board of India on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. In July 2021, the Sebi asked all existing eligible trading and demat account holders to provide choice of nomination on or before March 31, 2022, failing which the trading …

ICICI Bank Brings '3-in-1' Service; Open Trading, Demat And Savings Account In One Go
2 years ago

ICICI Bank Brings '3-in-1' Service; Open Trading, Demat And Savings Account In One Go

News 18  

ICICI Bank on March 03 announced the launch of an array of digital solutions for participants of the capital market and clients of custody services. The newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings accounts in a few hours from anywhere across the country, the bank said in a statement. …

As Demat Accounts in India Breach 100-mn Mark, Here's Why Mutual Funds Are A Rookie Investor's Best Friend
2 years, 6 months ago

As Demat Accounts in India Breach 100-mn Mark, Here's Why Mutual Funds Are A Rookie Investor's Best Friend

News 18  

The number of Demat accounts in India reached a staggering 100.5 million in August 2022, breaching the 100 million mark, as per data from prominent depositories NSDL and CDSL. While February saw the highest opening figures this year, 2.9 million new accounts, it was followed by 2.7 million in May, 2.4 million in April, and 2.2 million last month. Money …

Demat Accounts In India Cross 10 Crore; Here's Why Investor Participation Is Rising In Equity Markets
2 years, 6 months ago

Demat Accounts In India Cross 10 Crore; Here's Why Investor Participation Is Rising In Equity Markets

News 18  

In an indication of rising retail interest in the Indian equity market, the total demat accounts in the country touched 100.5 million in August, crossing the 100 million-mark for the first time ever. According to the latest data from depository firms National Securities Depository Ltd and Central Depository Services Ltd, the total number of demat accounts in India stood at …

Indian funds’ overseas investment plans run into RBI barrier
2 years, 8 months ago

Indian funds’ overseas investment plans run into RBI barrier

Live Mint  

Multiple Indian funds have urgently petitioned the Securities and Exchange Board of India to ease the overseas investment cap for Alternative Investment Funds to avoid missing out on deals but are facing a steep battle amid the sharp fall in the rupee in recent months, three people aware of the development said. Overseas investments by Alternative Investment Funds cumulatively hit …

SEBI attaches demat, bank accounts of individual in Acclaim Industries case
2 years, 8 months ago

SEBI attaches demat, bank accounts of individual in Acclaim Industries case

Live Mint  

The Securities and Exchange Board of India on Thursday ordered attachment of bank accounts as well as share and mutual fund accounts of an individual to recover investors' dues totaling ₹73.58 lakh in the matter related to trading in Acclaim Industries shares. The recovery proceedings against Abhishek Mehta for ₹73.58 lakh includes interest of 12 per cent per annum i.e. …

Sebi advises MFs to stop investing in int’l stocks
3 years, 2 months ago

Sebi advises MFs to stop investing in int’l stocks

Live Mint  

The Securities and Exchange Board of India has advised mutual funds investing in overseas securities to stop further investments in foreign stocks to avoid breach of industry-wide overseas limits, two industry executives independently confirmed to Mint on the condition of anonymity. Mutual funds can make overseas investments up to $1 billion per mutual fund, with the overall industry limit of …

RBI rejects Muthoot Finance’s proposal to buy IDBI MF
4 years, 4 months ago

RBI rejects Muthoot Finance’s proposal to buy IDBI MF

Live Mint  

The Reserve Bank of India has not cleared a proposal by Muthoot Finance Ltd to buy IDBI Asset Management Ltd and IDBI MF Trustee Company Ltd from by IDBI Bank Ltd and IDBI Capital Markets & Securities Ltd, the non-bank financier said on Tuesday. The central bank has conveyed to Muthoot Finance that “the activity of sponsoring a mutual fund …

Foreign Portfolio Investors now need only one form for registration, bank accounts and PAN
6 years, 7 months ago

Foreign Portfolio Investors now need only one form for registration, bank accounts and PAN

India TV News  

In a move to enhance ease of doing business, the government has introduced a single application form for foreign investors to enter into the domestic capital market. A common application form for FPIs would be devised with a view to improve operational flexibility and ease of access to Indian capital markets, Finance Minister Arun Jaitley had said in his 2017-18 …

Regulation 3.0—Indian Mutual Funds
7 years, 5 months ago

Regulation 3.0—Indian Mutual Funds

Live Mint  

The Securities and Exchange Board of India’s circular on mutual fund schemes’ categorization and rationalization was released on 6 October 2017. Two, over the years, clutter has built up in the mutual fund industry with too many similar schemes even within a fund house. When investors would compare returns across the balanced fund category, the funds with equity higher than …

Sebi: Investors can now buy MF schemes through digital wallets for up to Rs 50,000
7 years, 10 months ago

Sebi: Investors can now buy MF schemes through digital wallets for up to Rs 50,000

Firstpost  

MF houses or asset management companies have been allowed to provide instant online access facility to resident individual investors in liquid schemes New Delhi: Markets regulator Sebi Monday allowed investors to buy mutual fund schemes for up to Rs 50,000 through digital wallets, making it easier for them – especially the young generation – to purchase these instruments. Besides, MF …

Sebi mulling to allow FPIs to invest in unlisted NCDs to boost capital markets
8 years, 4 months ago

Sebi mulling to allow FPIs to invest in unlisted NCDs to boost capital markets

Firstpost  

Sebi also plans to reduce minimum angel fund investment for venture capital firms to Rs 25 lakh from the current Rs 50 lakh to boost the early-stage startup ecosystem New Delhi: With an aim to deepen capital markets, regulator Sebi may consider allowing FPIs to invest in unlisted non-convertible debentures and securitised debt instruments in its board meeting tomorrow. Sebi …

Sebi warns MFs against misuse of investor education funds
9 years, 9 months ago

Sebi warns MFs against misuse of investor education funds

Firstpost  

Sebi UK Sinha said that merging of various MF schemes can bring down cost of ownership, and thus protect investors’ interests. Mumbai: Taking note of the rising instances of mutual fund players improperly using the investor education funds, markets regulator Sebi today asked the industry to take corrective action or else the regulator will have to step in. Addressing an …

Budget 2015: Govt to allow foreign investment in AIFs
10 years, 1 month ago

Budget 2015: Govt to allow foreign investment in AIFs

Firstpost  

New Delhi: The government will allow foreign investment in Alternative Investment Funds, a category of pooled-in investment vehicles for real estate, private equity and hedge funds, Finance Minister Arun Jaitley said today. While presenting the Budget for 2015-16 in the Lok Sabha, he said that the government would do away with different categories like Foreign Portfolio Investors and Foreign Direct …

SEBI allows non-demat mutual funds transactions through stock exchanges
10 years, 3 months ago

SEBI allows non-demat mutual funds transactions through stock exchanges

India TV News  

Mumbai: To help expand reach of mutual funds, regulator SEBI has allowed their distributors to use the stock exchange platform for non-demat transactions as well for sale or redemption of these financial products. The move comes over one year after SEBI allowed MF distributors to use stock exchange infrastructure for mutual fund transactions through demat accounts in October 2013. in …

Tribunal asks DLF to specify fund-requirement plan
10 years, 5 months ago

Tribunal asks DLF to specify fund-requirement plan

India TV News  

New Delhi: The Securities Appellate Tribunal Thursday asked realty major DLF to file an affidavit by Nov 3 and specify the purpose for which it wants to use the money it has invested in mutual funds. Earlier this month, SEBI banned DLF and six of its executives from the capital markets for three years on charges of misleading investors. "DLF …

Sebi may announce new norms for angel investors
11 years, 9 months ago

Sebi may announce new norms for angel investors

Firstpost  

New Delhi: With an aim to encourage entrepreneurship in the country by financing small start-ups, market regulator Sebi plans to bring in new norms for angel investors, who provide funding to companies at their initial stages. According to proposals being considered by Sebi, angel investors can be allowed to be registered as Alternative Investment Funds a newly created class of …

Govt may use National Investment Fund to recapitalise state-owned banks
12 years, 2 months ago

Govt may use National Investment Fund to recapitalise state-owned banks

Firstpost  

The government is likely to consider a proposal tomorrow that seeks to expand the scope of National Investment Fund to recapitalise public sector banks and insurance companies. New Delhi: The government is likely to consider a proposal tomorrow that seeks to expand the scope of National Investment Fund to recapitalise public sector banks and insurance companies. Currently, funds generated from …

Sebi allows alternative investment funds in real estate, private equity
12 years, 7 months ago

Sebi allows alternative investment funds in real estate, private equity

Firstpost  

Market regulator Sebi has allowed seven Alternative Investment Funds to set shop in the country under a newly formulated route. Market regulator Sebi has allowed seven Alternative Investment Funds to set shop in the country under a newly formulated route, which allows pooling of funds for investments in areas like real estate, private equity and hedge funds. In a board …

Bad idea: Why entry loads cannot revive India's MFs
12 years, 9 months ago

Bad idea: Why entry loads cannot revive India's MFs

Firstpost  

Such a move would only take investors elsewhere, which in no way is going to ‘revive’ the MF industry. One of the reforms being discussed is the reintroduction of entry loads - the charges that are levied on an investor when he buy any mutual fund from from distributor companies. But if no value is offered to investors from a …

QFIs allowed to directly invest in equities
13 years, 2 months ago

QFIs allowed to directly invest in equities

Live Mint  

New Delhi: In an attempt towards the stock market reforms, qualified foreign investors have been allowed by the government to directly invest in equities. In August last year, the government allowed foreign investors to directly invest upto $13 billion in equity and debt schemes of mutual funds. According to the scheme, the QFIs will be allowed to invest through Sebi …

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