The move aims to encourage AMCs to collect only as much funds via NFOs as can be deployed in a reasonable time, and to discourage any mis-selling of NFOs of the mutual fund schemes. The new rule will come into effect from April 1.
Nifty suffered its worst February decline since 2020, dropping 5.9% amid a broad sell-off, primarily in IT, auto, and pharma stocks. The index is down
Buch, the first woman and private-sector executive to lead Sebi, implemented major market reforms, such as restrictions on retail derivatives trading and enhanced regulation of
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