The regulator said the change was brought after receiving inputs from the industry, which was of the view that it’s better if certain transactions are executed at the mutual fund level instead scheme level.
“Representations were received from the industry highlighting the instances where pool accounts are used, as certain transactions are carried out only at mutual fund level for operational ease and due to certain regulatory requirements,” SEBI said in a circular. However, mutual funds cannot maintain a balance in the pool account. According to the circular, mutual funds will have to transfer all the balance to the accounts of respective schemes before the end of the day.
“The pool accounts for both securities and funds should have nil balance at end of the day,” the circular stated. Mutual funds can take an extra day in case they face any issues.
Implementation of RMF and dual benchmark regulations postponed SEBI has extended the implementation date of two recent circulars on the request of AMFI.
SEBI said the risk management framework, which was issued on September 27, 2021, and was to come into effect from January 1, 2021, will now be effective from April 1, 2022.
Esta historia es de la edición January 2022 de Investors India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 2022 de Investors India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Thematic Fund Or Sectoral Fund, Which Fund Suits You?
A thematic fund is a type of mutual fund that focuses on investing in companies based on specific themes or trends.
Be Kind To Your Kidneys
The kidney is a vital organ in our body which is four inches long and two and a half inches in width.
Have You Included A Passive Fund In Your Portfolio Yet?
The assets under management (AUM) of passive funds recently crossed the Rs. 10 lakh mark. While a significant portion of this money comes from institutional investors, such as the Employees Provident Fund Organisation (EPFO), these funds are also gaining popularity among retail investors.
Mutual Fund
1. SEBI allows mutual funds to buy and sell credit default swaps (CDS)
Insurance News
1. The finance minister has launched a new NPS scheme named NPS Vatsalya
ASK THE EXPERT
Dear Sir, I attended your webinar on post-retirement financial planning. As advised by your good self, I invested in NPS after retirement.
Market Mystery: Some Important Investing Lessons from Fund Managers Themselves
Mr. Mahesh Patil is the Chief Investment Officer (CIO) of Aditya Birla Sun Life AMC Limited. As the CIO Mahesh oversees INR 3 lakh crore of assets under management.
How to make a cautious entry into equity funds during a bull market
The number of mutual fund folios has been rising, with flows via the systematic investment plan (SIP) route reaching new highs.
All that you need to know to kickstart your retirement planning process
We all enjoy planning for the future. It’s a good idea to plan ahead of time for anything, from the day’s activities to a vacation.
5 Steps To Achieve Your Financial Goals
From a beach house, a Jaguar, to traveling the world – there are many things in life that we want to accomplish.