SEBI issues show cause notice to HDFC MF and Kotak MF
Jun 04 2019
News Category: AMC Specific Updates
According to media reports, Securities and Exchange Board of India (SEBI) has issued show cause notices to HDFC Mutual Fund and Kotak Mutual Fund asking details of their investment in the debt instruments of Essel Group. This comes after the two mutual fund houses delayed the payments of their respective fixed maturity plans.