SEBI restricts MFs to invest in ST bank deposits
Aug 19 2019
News Category: Regulatory Updates
No of Views: 819 Rate Now!

Securities and Exchange Board of India (SEBI) issued a circular providing clarification with regards to short term deposits (STDs) of scheduled commercial banks. The market regular clarified that AMCs cannot invest the fund of a scheme in STDs of banks that have invested in that scheme. Similarly, the fund houses also need to ensure that no banks invest in their schemes that have parked money in the STD of such banks.

Related News
Title Report Date
SEBI has postponed the introduction of the swing pricing structure ... 02/03/2022
SEBI launches Saarthi Mobile App on Investor Education 15/02/2022
SEBI has issued instructions for AMCs on how to adhere to Indian ac... 04/02/2022
AMFI has asked all fund houses to suspend flows into schemes that i... 31/01/2022
SEBI has made it essential for trustees of mutual funds to get unit... 27/01/2022
Mutual fund disclaimers should flow at same speed as rest of ad 06/01/2022
Individuals holding a GST registration number requested to complete... 05/01/2022
SEBI has decided to mandate trustees of mutual funds to obtain the ... 29/12/2021
Domestic mutual funds cannot invest in crypto-related items until t... 28/12/2021
SEBI has mandated that registered investment advisors (RIAs) provid... 14/12/2021
SEBI directs Portfolio Management Services to undertake 10% of tota... 13/12/2021
SEBI allows mutual funds to use pool accounts 10/12/2021
More...