[ad_1] A review of the statutory disclosures provided by the top 20 asset management companies (AMCs) in the country shows that only four fund housesāHDFC AMC, Nippon AMC, Kotak AMC, and Axis AMCāreported six cases of mis-selling by MF distributors for the January-March period. Other companies marked the field as āNA/Nilā. “Six reports of mis-selling…
[ad_1] KSH International, a Pune-based magnet winding wires manufacturer, on Thursday filed preliminary papers with markets regulator Sebi to launch its initial public offering (IPO). KSH International plans to raise ā¹745 crore from the IPO. The proposed KSH International IPO is a combination of a fresh issue of shares worth ā¹420 crore and an offer-for-sale…
[ad_1] New Delhi: The government has eased compliance for stock and commodity market brokers by providing clarity on investments that do not involve client money. The Department of Economic Affairs (DEA), ministry of finance has amended Rule 8 of the Securities Contracts (Regulation) Rules, 1957 to clarify that any investments made by a member (broker)…
[ad_1] On Saturday, the Chhattisgarh High Court granted interim relief to platforms such as Probo and SportsBaazi, allowing them to operate nationwide while ordering geo-blocking only within the state. The court flagged procedural lapses, noting that the stateās blanket ban lacked prior notice or a hearing. This comes even as another courtāPunjab and Haryana High…
[ad_1] The Securities and Exchange Board of India (Sebi) on Wednesday froze the promoter shareholding of jewellery firm Varyaa Creations Ltd (VCL) and barred the company from accessing the capital markets after it allegedly found large-scale diversion of initial public offering (IPO) proceeds on the day of listing. The promoters of Varyaa are Pooja Vineet…
[ad_1] The market regulator plans to ease rules for foreign portfolio investors (FPIs) that invest only in Indian government bonds as it seeks to draw more inflows after Indiaās inclusion in global bond indices. Also Read | Sebiās PSU delisting proposal sparks calls for parity with private companies The Securities and Exchange Board of India…
[ad_1] Investment word of the day: If you plan to invest in mutual funds, it becomes important to understand that there are certain costs associated with them. Mutual funds levy certain operating expenses to cover the costs of managing a scheme. Hence, as a mutual fund investor, it becomes essential to know such costs to…
[ad_1] Capital markets regulator, the Securities and Exchange Board of India (Sebi), often issues warnings to unregistered investment advisers to prevent them from offering advisory services to investors. On May 8, Sebi issued a warning to Rajni Kumari (name changed), a resident of Muzaffarpur in Bihar, for providing unregistered investment advisory services without obtaining registration…
[ad_1] To smooth out these and other issues, the Association of Mutual Funds in India (AMFI), on Sebi’s direction, has asked asset management companies (AMCs) to suggest changes that could streamline the operations of the mutual fund industry and benefit investors. Here are four changes that a few AMCs suggested, which they shared with Mint…
[ad_1] Vijay Shekhar Sharma, the founder and managing director of One97 Communications Ltd, has settled a regulatory probe initiated by the Securities and Exchange Board of India (Sebi) over alleged irregularities in the grant of employee stock options (Esops) ahead of the fintechās 2021 initial public offering. Sebi accepted revised terms proposed by Sharma, his…
