The Securities and Exchange Board of India (SEBI) has now increased the overseas investment limit for local mutual funds.
The mutual funds can now make overseas investments subject to a maximum of US $ 1 billion per Mutual Fund, within the overall industry limit of US $ 7 billion. Mutual Funds can make investments in overseas Exchange Traded Fund (ETF(s)) subject to a maximum of US$ 300 million per Mutual Fund, within the overall industry limit of US$1billion.
NEW DELHI: Markets regulator Sebi on Monday gave time till September 1 for mutual funds to comply with new rules wherein they are required to share details of risk, performance and portfolio to investors only for the scheme in which they have invested.
The Securities and Exchange Board of India (Sebi) is considering making changes to the mutual fund (MF) compensation circular issued last month. It was aimed at ensuring that key executives of the Rs 32-trillion industry had enough "skin in the game".
If your bank does not support third party verification, you would not be able to make investments in mutual funds through channels such as e-wallets.
N. S. Venkatesh, Chief Executive Officer (CEO) at The Association of Mutual Funds in India (AMFI) says that the trend in mutual fund investment is positive and revealed that the total inflows are Rs 47000 cr in April 2021.
Karnataka has emerged as the fourth largest contributor to the mutual fund industry as of March 2021. As per data with the Association of Mutual Funds in India (AMFI), Karnataka accounted for 6.5% of the industry’s total assets, behind Maharashtra, Delhi, and Gujarat.
RBI has stated that it will make NACH available on all days instead of just working days of banks to cut down the time taken for SIP registration
MUMBAI: In its statement on developmental and regulatory policies, RBI has said it will make NACH available on all days instead of just working days of banks.READ MORE
Equity funds witnessed net investor inflows for the second consecutive month in April but the quantum fell sharply compared to March.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.