SEBI makes nomination optional for joint mutual fund portfolios
10 months, 4 weeks ago

SEBI makes nomination optional for joint mutual fund portfolios

The Hindu  

Capital markets regulator SEBI made the nomination optional for jointly-held mutual fund accounts on May 1 to promote ease of doing business. Based on the working group’s recommendation, a public consultation was carried out suggesting an option to make joint mutual fund account nominations optional and permitting fund houses to have a single fund manager to oversee commodity and foreign investments. "Accordingly, it has been decided that the requirement of nomination.for mutual funds shall be optional for jointly held mutual fund folios," the Securities and Exchange Board of India said in a circular. SEBI said that for commodity-based funds such as Gold ETFs, Silver ETFs and other funds participating in the commodities market, the appointment of a dedicated fund manager would be optional.

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History of this topic

Blackstone-backed ASK Asset & Wealth Management Group receives Sebi’s in-principle nod to enter mutual fund business
3 days, 2 hours ago

Blackstone-backed ASK Asset & Wealth Management Group receives Sebi’s in-principle nod to enter mutual fund business

Live Mint  

Blackstone-backed ASK Asset & Wealth Management Group has been given an In-Principle Approval from the Securities and Exchange Board of India to start its mutual fund business. ASK Asset & Wealth Management Group, an investment and wealth management company, will offer mutual funds according to its current investment solutions, which include listed equity portfolio management, alternates, and wealth management. Speaking …

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 asks MACs to deploy NFO funds within 30 days
1 month ago

Sebi asks MACs to deploy NFO funds within 30 days

New Indian Express  

MUMBAI: The Securities and Exchange Board has cut short the fund deployment time for mutual funds to 30 days raised through new fund offers and has also relaxed regulations regarding the alignment of interests between AMC employees and unitholders. Additionally, the market watchdog has also mandated disclosure of stress-testing for all mutual fund schemes to provide increased transparency for investors, …

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 …

Co-investor conundrum: Investors urge Sebi to rethink exit rules
2 months, 1 week ago

Co-investor conundrum: Investors urge Sebi to rethink exit rules

Live Mint  

India-based venture capital and private equity firms have petitioned Securities Exchange Board of India to reconsider rules that mandate their co-investors exit alongside the fund, three people familiar with the development said. Co-investors are those who typically want to take additional exposure to a particular investment made by an alternative investment fund —vehicles used by private equity and venture capital …

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 introduces timelines for NFO fund deployment, eases AMC employee interest alignment rules
3 months, 1 week ago

Sebi introduces timelines for NFO fund deployment, eases AMC employee interest alignment rules

Live Mint  

New Delhi, Dec 19 Markets regulator Sebi has decided to introduce timelines for deploying funds raised through New Fund Offers by asset management companies and relaxed regulatory framework regarding the alignment of AMC employees' interests with those of unitholders. Regarding deployment timelines, Sebi said that fund managers must deploy funds collected during an NFO as per the specified asset allocation …

Sebi notifies mutual fund lite regulations. Here is what you should know
3 months, 1 week ago

Sebi notifies mutual fund lite regulations. Here is what you should know

Live Mint  

The Securities and Exchange Board of India has notified Mutual Fund Lite regulations, allowing fund houses focussing only on passively managed schemes to get a licence with less stringent criteria. Net-worth criteria The MF Lite Regulations state that the minimum net-worth criteria for a mutual fund should be ₹35 crore. Business demerger The new rules even allow existing fund houses …

Specialised investment funds: Sebi sets ₹10 lakh minimum threshold for investors
3 months, 1 week 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 …

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 okays new product bridging MF, PMS
6 months ago

Sebi okays new product bridging MF, PMS

Live Mint  

The stock market regulator on Monday paved the way for a new investment product bridging mutual fund schemes and portfolio management services, relaxed rules for investment advisors and research analysts, and unveiled a new framework for passively managed MF schemes, among a series of significant decisions. {{^adFree}} {{/adFree}} The Securities and Exchange Board of India said the new investment product …

Sebi proposes new asset class to fill gap between mutual funds and portfolio management services
8 months, 2 weeks ago

Sebi proposes new asset class to fill gap between mutual funds and portfolio management services

Hindustan Times  

Markets regulator Sebi on Tuesday proposed introducing a new asset class to bridge the gap between mutual funds and portfolio management services by looking to tap investors having investible funds between ₹10 lakh and ₹50 lakh. On minimum investment, Sebi has proposed that the minimum amount for investment under the new asset class should be ₹10 lakh per investor. "The …

Sebi imposes limits on passive mutual funds investing in sponsor group companies; details here
8 months, 3 weeks ago

Sebi imposes limits on passive mutual funds investing in sponsor group companies; details here

Live Mint  

Capital market regulator Securities Exchange Board of India has released a circular to share the limits imposed on total investment which can be made by passive mutual funds in their sponsor group companies. This followed public consultations on the recommendations of the working group, and it was later decided to streamline the norm applicable to investments by passively managed mutual …

Sebi limits passive mutual funds schemes investing in sponsor group companies
8 months, 3 weeks ago

Sebi limits passive mutual funds schemes investing in sponsor group companies

Hindustan Times  

Passive mutual funds will now have investment limits on the shares of the sponsor group companies, according to new rules notified on Monday by the Securities and Exchange Board of India. Equity-oriented exchange-traded funds and index fund investments in the sponsor group companies are capped at 35% of the scheme's net asset value. Mutual fund schemes excluding ETFs and index …

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI
9 months, 2 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 …

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' …

Samir Arora-owned Helios Capital gets Sebi nod for mutual fund unit
1 year, 7 months ago

Samir Arora-owned Helios Capital gets Sebi nod for mutual fund unit

Live Mint  

Helios Capital, founder and fund manager, Samir Arora announced that capital market regulator Securities and Exchange Board of India on Thursday has granted approval to Helios Mutual Fund on Thursday. The Portfolio Management Services submitted an application for a mutual fund licence in February 2021, and SEBI granted Helios Capital in-principle clearance to start a mutual fund operation in September …

Now, you need nominations for MF investments
2 years, 9 months ago

Now, you need nominations for MF investments

Live Mint  

The Securities and Exchange Board of India has mandated investors to either specify a nominee or explicitly opt-out of nomination for all mutual fund investments. What’s changed As per a recent Sebi circular, any new investor subscribing to an MF scheme from 1 August will either have to specify a nominee or submit a signed declaration to opt out of …

Sebi restricts overseas investments by MFs; what should investors do
3 years, 1 month ago

Sebi restricts overseas investments by MFs; what should investors do

Live Mint  

The Securities and Exchange Board of India advisory for mutual funds to stop further investments into foreign stocks has come as a jolt for Indian investors who have taken up global diversification in a big way over the past few years. Mint on Sunday reported that the markets regulator has advised mutual funds to stop further investments into foreign stocks …

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 …

Sebi eases profitability criteria for mutual fund sponsors
4 years, 3 months ago

Sebi eases profitability criteria for mutual fund sponsors

Live Mint  

Market regulator Sebi on Wednesday decided to relax profitability criteria for becoming a mutual fund sponsor with a view to facilitating innovation and expansion in the MF sector. The regulator has also decided to segregate and ring-fence assets and liabilities of mutual fund schemes, Sebi said in a statement after its board meeting. The Sebi board also approved proposals including …

Sebi introduces code of conduct for mutual fund managers, dealers
4 years, 4 months ago

Sebi introduces code of conduct for mutual fund managers, dealers

Live Mint  

Market regulator Securities and Exchange Board of India has introduced a code of conduct for fund managers and dealers of AMCs in order to make them more accountable. In a notification dated October 29, Sebi said that chief executive officer of the AMC will be responsible to ensure that the code of conduct is followed by fund managers and dealers. …

Sebi multi cap fund rules: IIFL Securities list of 11 midcap stocks set to rally
4 years, 6 months ago

Sebi multi cap fund rules: IIFL Securities list of 11 midcap stocks set to rally

Live Mint  

Sebi, in a circular, on Friday announced new set of portfolio allocation rules for multi cap mutual funds where the Market Regulator made it mandatory for the multi cap funds to invest a minimum of 25% of their portfolio each in large cap stocks, mid caps and small cap companies. "We will see a rally in mid cap and small …

Invested in mutual funds? New rules for multi cap funds explained in 5 points
4 years, 6 months ago

Invested in mutual funds? New rules for multi cap funds explained in 5 points

Live Mint  

Sebi, in a recent circular, has tweaked the asset allocation rules for multi cap funds on Friday. According to the Sebi circular on 'Asset Allocation of Multi Cap Funds', the changes in the portfolio allocation of multi cap schemes have been done to bring diversification. The circular read, "In order to diversify the underlying investments of Multi Cap Funds across …

Sebi rejigs advisory committee on mutual funds
4 years, 8 months ago

Sebi rejigs advisory committee on mutual funds

Live Mint  

The Securities and Exchange Board of India has revamped its committee that advises the capital markets regulator on matters related to regulation and development of mutual fund industry. The 20-member advisory committee on mutual funds is headed Usha Thorat, former deputy governor of Reserve Bank of India, a latest Sebi update showed. The members of the committee include officials of …

Sebi allows mutual funds to make additional investment in govt bonds
4 years, 10 months ago

Sebi allows mutual funds to make additional investment in govt bonds

India TV News  

Markets regulator Sebi has permitted mutual funds to make additional investment in government securities and treasury bills for corporate bond, banking and public sector undertaking, and credit risk funds, industry sources said. In a letter to Amfi, Sebi said asset management companies can invest an additional 15 per cent of assets under management of corporate bond, banking and PSU and …

Investing in mutual funds becomes cheaper on Sebi measures: Report
5 years, 6 months ago

Investing in mutual funds becomes cheaper on Sebi measures: Report

Live Mint  

Investing in mutual funds has become less expensive in India due to several investor-friendly measures taken by the markets regulator Sebi, including ban on upfront commissions as well as front loads and a cap on expenses charged from investors, according to a report by Morningstar India. "India had been among the most-expensive geographies when it comes to expense ratios but …

Sebi likely to give Deutsche Bank nod to operate as commodity custodian for MFs
5 years, 6 months ago

Sebi likely to give Deutsche Bank nod to operate as commodity custodian for MFs

Live Mint  

New Delhi: Markets regulator Sebi is likely to give approval to Deutsche Bank by next month to operate as a custodian in the commodities space, a move which will enable participation from institutional investors, including mutual funds and portfolio management service providers, in such segment. To help broaden the commodity derivatives market, Sebi's board in March this year approved a …

Sebi to allow MFs, portfolio managers in commodity derivative market
6 years ago

Sebi to allow MFs, portfolio managers in commodity derivative market

Live Mint  

To help broaden the commodity derivatives market, regulator Sebi's board on Friday approved allowing mutual funds and portfolio managers to trade in this segment. Besides, certain alternative investment funds which are already permitted to participate in commodity derivatives will be permitted to deal with goods received in delivery against physical settlement of such contracts, if any, Sebi said in a …

The year of the smart investor
6 years, 3 months ago

The year of the smart investor

Live Mint  

Despite market volatility amid a weakening rupee and rising oil prices, in 2018 the systematic investment flows from retail investors grew 42% over the previous year to ₹ 7,985 crore in October. In the current fiscal, over 10 lakh SIP accounts were added each month on an average, with an average ticket size of ₹ 3,200, according to Association of …

Sebi is on the war path to lower mutual fund costs
6 years, 5 months ago

Sebi is on the war path to lower mutual fund costs

Live Mint  

Starting soon your mutual fund will cost less. The costs came down for plans like the liquid and bond funds that are used primarily by institutions and high net worth investors, that is for those with higher bargaining power. There is enough evidence globally of this practice and Sebi’s step to ban all incentives for making the first sale, other …

How investors will gain from new Sebi reforms
6 years, 6 months ago

How investors will gain from new Sebi reforms

Live Mint  

The Securities and Exchange Board of India has announced several reforms to make the markets more efficient and transparent. The board took steps to reduce transaction costs, improve liquidity, increase market participation, improve capital allocation, penalize fraudulent activities and protect small investors, besides having a more efficient price discovery system. Analysts said that permitting foreign entities in the commodity derivatives …

Here’s how to pick a mutual fund from 14 new Sebi categories
6 years, 8 months ago

Here’s how to pick a mutual fund from 14 new Sebi categories

Live Mint  

If mutual funds are often touted as one of the best vehicles for you—the small investor—to invest in equity and debt markets, then picking a fund should be easy, right? “In most cases and for a normal investor, focus should be on broadly diversified multi-cap funds and large-cap and mid-cap categories; these will serve well,” said Deepak Chhabria, CEO and …

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 …

M&M's asset management company gets Sebi nod to start mutual fund business
9 years, 1 month ago

M&M's asset management company gets Sebi nod to start mutual fund business

Firstpost  

At present, there are over 40 mutual fund houses operating in the country Mahindra Asset Management Company has received markets regulator Sebi’s approval for setting up of mutual fund business. In a BSE filing on Friday, MMFS said, “Mahindra Asset Management Company Private Limited, a wholly-owned subsidiary of the company has on February 4, received the approval from the Securities …

Sebi cancels Sahara mutual fund licence – India TV
9 years, 8 months ago

Sebi cancels Sahara mutual fund licence – India TV

India TV News  

Mumbai: In a fresh crackdown on Sahara, regulator Sebi today cancelled the registration of Sahara Mutual Fund saying it was no longer ‘fit and proper' to carry out this business and ordered transfer of its operations to another fund house. In the latest order, Sebi directed cancellation of Sahara Mutual Fund's certificate of registration on expiry of a six-month period …

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 …

SEBI Chairman UK Sinha to meet mutual fund CEOs today
10 years, 3 months ago

SEBI Chairman UK Sinha to meet mutual fund CEOs today

India TV News  

Mumbai: The Securities and Exchange Board of India has convened a meeting here today of industry stakeholders, including chief executives of mutual fund houses, to discuss larger policy issues, current market situation and preparation for the ensuing Budget. Though fund house CEOs have dubbed the conclave as a routine annual interaction, they privately believe the contentious issue of payment of …

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 …

Sebi rejigs advisory committee on mutual fund
11 years, 8 months ago

Sebi rejigs advisory committee on mutual fund

Firstpost  

The 15-member advisory committee on mutual funds is headed by Janki Ballabh, former chairman of SBI. Mumbai: Sebi revamped its committee that advices the market regulator on matters related to regulation and development of mutual fund industry. The advisory committee is mandated to advise Securities and Exchange Board of India on issues related to regulation and development of mutual fund …

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 …

SEBI steps in to widen retail investor base
12 years, 7 months ago

SEBI steps in to widen retail investor base

The Hindu  

The Securities and Exchange Board of India, on Thursday, announced a slew of measures to revamp the capital market by wider participation of retail investors in the initial public offering and mutual fund industry, including steps to improve the geographical reach of mutual funds and introducing electronic-IPO. “SEBI has been concerned about the penetration of the mutual fund industry…….and electronic …

Sebi's job is to regulate not micro manage mutual funds
12 years, 8 months ago

Sebi's job is to regulate not micro manage mutual funds

Firstpost  

Sebi is right to be concerned about how funds are performing. But its job is not to ensure better returns but to see if funds are working in the best interests of investors The markets and investor watchdog, Sebi, is planning to question fund houses on the underperformance of some of their schemes. Many mutual fund schemes have underperformed benchmarks …

Sebi to question MFs for non-performance of schemes
12 years, 9 months ago

Sebi to question MFs for non-performance of schemes

India TV News  

Mumbai, June 21: Capital market regulator Securities and Exchange Board of India on Thursday said it will question top officials of fund houses about non- performance of mutual fund schemes and probe their non-compliance with the stated investment objectives. Concerned over the non-performance of some schemes over a long period of time, Sebi Chairman U K Sinha said fund houses …

IAB asks SEBI to widen mutual fund reach
13 years, 2 months ago

IAB asks SEBI to widen mutual fund reach

The Hindu  

The Securities and Exchange Board of India - appointed International Advisory Board has said that there is a need to widen the reach of the mutual fund industry, horizontally and vertically. After taking note of the practices in some of the Financial Action Task Force compliant countries, the IAB advised SEBI to explore risk-based customer due diligence processes without granting …

Stock exchanges to transact units of mutual fund schemes
15 years, 4 months ago

Stock exchanges to transact units of mutual fund schemes

The Hindu  

The Securities and Exchange Board of India on Friday allowed mutual fund investors to transact all mutual fund schemes through the stock exchanges “The need for enhancing the reach of mutual fund schemes to more towns and cities has been aired through various forums and channels. The stock exchange mechanism would also extend the present convenience available to secondary market …

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