Sebi paper wants MFs to deploy NFO fund within 30 days of allottment

Quick Summary:

Out of 647 NFOs, 603 managed to complete asset allocation within 30 days or less.

Additionally, they will be unable to impose exit loads on investors who withdraw after the 60-day grace period.

However, the AMC should not retain the proceeds received through NFO for an indefinite period without deployment in the stated assets,” said the paper.Sebi sends Rs 154.

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Article Details

Category: BusinessFinance

Markets: India

Topics: NFO Asset Management Investment Funds NFO news Market volatility MF Fund deployment SEBI NFO notice Sebi Investor Protection NFO funds NFO funds deployment delay NFO NFO funds delay Asset allocation Mutual Funds SEBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 13:06:43 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23362241

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