The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.
September 30, 2020Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.
September 9, 2020SEBI is reported looking to determine whether the firm violated rules, breached its fiduciary duty, or failed to act in investors' best interests.
May 6, 2020From 1 April 2020, liquid and overnight funds must hold at least 20% of their net assets in liquid assets such as cash, government securities and treasury bills.
September 24, 2019Mutual funds will have to report on their use of AI and ML to facilitate investing, trading, dissemination of investment strategies and advice, compliance, operations and other activities.
May 10, 2019SEBI has set a cap on up-fronting of trail commissions and amended disclosure rules to "protect the interests of investors."
March 27, 2019SEBI chairman expressed concern about the high concentration of AUM among the top mutual funds and spoke of the need for greater competition in the industry.
August 27, 2018India’s markets regulators has slashed total expenses by 15 basis points to encourage more retail investors to buy mutual funds; also requiring increased disclosures on fund expenses.
June 7, 2018The Securities Appellate Tribunal has asked the Securities and Exchange Board India to scrap and restart the selection process for a self-regulatory organisation for mutual fund distributors.
October 2, 2015India’s government and various regulators are consulting the public on newly proposed recommendations by a high-level government committee to curb misselling of financial products.
September 22, 2015