The ruling by the Securities and Exchange Board of India (Sebi) prescribing standards for the execution of trades could open a Pandora’s box for the mutual fund industry. The regulations, which were notified in late October and establish a code of conduct, have raised privacy concerns and may lead to …
Read More »The rules for buying mutual funds changed; investors to obtain NAV, units on credit of funds, not on demand
New orders will be applicable from January 1, 2021. Mutual fund orders will soon get the NAV of the day the funds reach asset managers and not the day of the request, SEBI said in a circular Thursday. Previously, orders less than Rs 2 lakh had the NAV on the …
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