Arbitrage funds benefit from the price difference between cash and futures market. They earn a spread by buying in the cash market and selling in the futures market. Financial planners point out that many investors who are staggering investments into equities use arbitrage funds as a parking vehicle, due to lower taxation as compared to debt funds.
Sebi imposes Rs 3 lakh fine on Motilal Oswal Financial Services for violations of stock brokers’ norms
Markets regulator Sebi on Monday imposed a penalty of Rs 3 lakh on Motilal Oswal Financial Services Ltd for violating stock brokers’ norms.