Market regulator Sebi asked mutual fund houses to disclose the list of sectors in which they will not invest the corpus in debt schemes, a move which will help investors take a conscious decision before investment. “In order to enable investors to make a more informed decision regarding the quality of securities and risk associated with different close-ended debt oriented schemes, it is decided that MFs shall disclose the list of sectors they would not be investing,” Securities and Exchange board of India (Sebi) said in a circular.
News Source – FINANCIAL EXPRESS.
The consensus that Reserve Bank of India (RBI) may not resort to aggressive monetary tightening, post the 50-basis repo-rate hike on last week, is prompting asset managers to have re-look at monthly income plans (MIPs). Risk-averse investors could gain in the event of a rally in equities and moderating interest rates over the next few quarters, investment advisors said.
News Source – ECONOMIC TIMES.
Association may take up the issue in today’s meeting. The Indian mutual fund industry is as much confused as relieved, following the new guidelines from capital market regulator Securities and Exchange Board of India (Sebi) on transaction charges. Sources said Industry body, the Association of Mutual Funds in India (Amfi), has scheduled a meeting tomorrow to bring clarity on the issues.
News Source – BUSINESS STANDARD.