Sebi puts in place procedure for change in control of mutual funds
SECTIONS
Last Updated: Mar 04, 2021, 10:47 PM IST
Share
Synopsis
Sebi said no change in the control of an AMC, directly or indirectly, can be made unless prior approval of the trustees and the regulator is obtained, among other requirements.
Agencies
This comes after Sebi, in February, relaxed profitability criteria for becoming a mutual fund sponsor with a view to facilitating innovation and expansion in the mutual funds sector.
Related
NEW DELHI: Markets regulator Sebi has put in place a procedure for change in controlling interest of asset management companies and issued guidelines for new sponsors of mutual funds.
Sebi puts in place procedure for change in controlling interest of AMCs business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
SEBI seeks debate on the concept of ‘accredited investor’
Moneylife Digital Team
1
The capital market regulator, Securities and Exchange Board of India, has floated a consultation paper to introduce the concept of ‘accredited investors’ in the Indian securities market and sought public comments on the same. The comments can be sent to the regulator latest by 18 March 2021. According to SEBI, the new regulatory framework is expected to help in designing more customised investment products, reduced compliance, better risk labeling (product classification) and increased transparency.
Accredited investors or qualified investors or professional investors, are considered to be informed investors on the assumption that their financial capacity (generally ascertained from income and/ or net worth) enables them to hire expert managers/ advisors as required. They already have an understanding of various financial products and the risks and returns associated with them and
Ask Money Today: Which are the best mutual funds for a 24-year-old?
Equity mutual fund investors should think about reducing their risk through ensuring right selection of funds, professional advice, continuous tracking and rebalancing of their portfolio
Representative Image
I am 24 years old. I have just started working, got my first job in a fashion studio. I believe I am a risk-taker, though I have not invested earlier. I want to invest in equity funds now. I do not have any loans. I will be earning Rs 28,000 per month. Kindly help me with a list of best equity mutual fund schemes to start my investments. I can invest Rs 15,000 to 18,000 per month. Also, what is a tax-saving mutual fund? Do I need to invest in it?
Feb 17, 2021, 22:10 PM IST
The economy of any country depends on its financial system. In other words, the financial system plays a crucial role since the financial companies and institutions are responsible for economic growth. In the past few years, the financial sector in India has become strong; thanks to the sundry financial services provided by the financial providers. Among many companies in the country, VSRK Wealth Creator has emerged as the go-to name for financial planning and guidance. The Delhi-based company was founded in November 2013, and in less than 10 years, it has been one of the most trusted names in the market.