SEBI implements new rules for Indian mutual funds, setting a 30-day deployment deadline and enhancing investor protections.

SEBI has introduced new rules for mutual funds in India. Fund managers now have a 30-day timeline to deploy funds collected through New Fund Offers (NFOs). If funds aren't deployed within this period, investors can exit without an exit load. SEBI has also relaxed rules for aligning AMC employees' interests with unitholders, including lower minimum investments, reduced disclosure requirements, and shorter lock-in periods for resigned employees. Stress testing results for all mutual fund schemes must now be disclosed to increase transparency.

3 months ago
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