Sebi fined JM Financial Asset Management, its trustee company, former CEO Bhanu Katoch, and four others ₹2 crores for mutual fund rule breaches. An unusual NAV increase occurred in JM Low Duration Fund due to the sale of DHFL’s defaulted securities. They bought into the schemes during this period, engaging in unfair trade practices.
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers.
December 23, 2024