mutual funds

Reservation to Holders of Convertible Debt Securities in Rights/Bonus Issues -On the issue of reservation to convertible debt holders in rights/bonus issues, it has been decided to clarify that reservation shall be available only to compulsorily convertible debt holders, since conversion in such cases is not at the option of the holders of these instruments. Full Article

Capital market regulator Sebi vide CIRCULAR MIRSD/SE/Cir-21/2011 , Dated- October 5, 2011 announces introduction of uniform forms and documents for the purpose of customer identification by different market intermediaries like stock exchanges and mutual funds, a step intended to bring uniformity to the process. The new rule will be effective from January 1 next year. Full Article

Following the announcement by the Union Finance Minister Shri Pranab Mukherjee in his budget 2011-12, the Government in consultation with the regulators had raised the limit for FII investment in long-term corporate bonds issued by the companies in the infrastructure sector from USD 5 billion to USD 25 billion. This scheme was operationalised vide SEBI circular CIR/IMD/FIIC/5/2011 dated 31st March 2011. Full Article

Market regulator Sebi today said it plans to induct four new executive directors, who would replace some key incumbent directors handling important departments like mutual funds and secondary markets. Starting the process for hiring new directors, Sebi today invited applications for four posts of executive directors, including one for legal affairs. The remaining three would be inducted for various regulatory roles at Securities and Exchange Board of India. Full Article

Sebi has proposed a new reporting system for mutual funds based on XBRL technology -- a globally accepted standardised business reporting tool that enables easy dissection of bulk documents without delay. Full Article

Suspecting foul play in the crashing of stock markets over the past few months, Sebi is probing at least 25 entities, including brokerage firms, FIIs and mutual funds. Full Article

Selecting the best tax-saving mutual fund (also referred to as equity linked saving scheme - ELSS) is never an easy task. For one, there are just too many funds, which only confuses the investor. Add to this the sometimes misrepresentative mutual fun Full Article

All mutual fund investors, new as well as existing, will need to mandatorily furnish their PAN (Permanent Account Number) details from next year irrespective of the size of their investment. The move is part of the revised Know-Your-Customer (KYC) co Full Article