Sebi circular on mutual fund

Such segregation of unrated debt or money market instruments may be created only in case of actual default of either the interest or principal amount.Under norms to be adopted by all MF houses, SEBI said the index will have a minimum of eight issuers. Under Aadhar based eKYC ine need not satisfy these workers in submitting documents to their whims and fancies. As per regulations, an MF was allowed to invest funds in short-term deposits of scheduled commercial banks, subject to certain conditions.Nearly a year after the Infrastructure Leasing & Financial Services (IL&FS) crisis broke out and took down debt funds in the credit problems that ensued in the aftermath, SEBI came out with guidelines on the valuation of debt and money market to make debt funds more transparent.SEBI’s measures were aimed to make debt funds more transparent in the way fund houses valued underlying instruments. However, the regulator has decided to keep away MFs from trading in derivatives of sensitive commodities.The regulator issued a clarification and directed MF houses to ensure that banks - where a scheme has parked funds in the lender's short-term deposits - do not invest in that particular scheme. This decision was taken by the regulator in the wake of debt-oriented mutual funds having a cap of 10 percent in terms of their exposure to group firms of sponsors and AMC.

The Securities and Exchange Board of India (SEBI) cracked the whip on fund houses that had standstill agreement, issued guidelines on side pocketing, portfolio management services (PMS) and valuation of debt securities.In the aftermath of the non-banking finance companies (NBFC) crisis that engulfed most MF houses, SEBI came out with guidelines on the valuation of debt and money market to make debt funds more transparent.Moneycontrol has collated a list of all circulars and guidelines issued in 2019 so far.SEBI announced norms for equity exchange-traded funds (ETFs) and index funds to address risks related to portfolio concentration.

Choose your winners rationally in 3 simple steps!Choose your reason below and click on the Report button. SEBI allowed mutual funds to invest in unlisted non-convertible debentures (NCDs) up to a maximum of 10 percent of the debt portfolio of a scheme in a phased manner. Sebi issues circular on Aadhaar e-KYC for investors. Entry loads on mutual funds were abolished by the Securities and Exchange Board of India (Sebi) in 2009. Rating of the index's constituents will be investment grade and they will have a defined credit rating and maturity as specified in the methodology of the index.

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Share. The Securities and Exchange Board of India (SEBI) has introduced tightened norms for the close to Rs 26 lakh crore mutual fund (MF) industry. Markets regulator Sebi on August 14 imposed a penalty of Rs 10 lakh each on three public sector financial institutions -- SBI, LIC and Bank of Baroda -- for not complying with the mutual fund norms. Why follow tips?

Currently, securities with maturity of up to 30 days are amortised.SEBI allowed mutual funds to invest in unlisted non-convertible debentures (NCDs) up to a maximum of 10 percent of the debt portfolio of a scheme in a phased manner. or medium without express writtern permission of moneycontrol.com is prohibited.172@29@17@140!~!172@29@0@53!~!|news|business|mf-wrap-recap-of-2019-sebi-circulars-guidelines-for-mutual-funds-4750321.html!~!|controller|infinite_scroll_article.phpLast Updated : Dec 21, 2019 11:09 AM IST | Source:

Print. SEBI had mandated that all securities will be marked to market from April 1, 2020. Debt mutual funds will have to disclose the portfolio every 15 days, said Sebi in a circular issued on Wednesday. Font Size. For reprint rights: Sebi issues circular on Aadhaar e-KYC for investorsCDSL gets UIDAI nod for e-KYC Aadhaar authenticationAditya Birla Sun Life AMC onboards over 50,000 investors via video e-KYC during lockdownNew Aadhaar-based e-KYC to help in seamless onboarding of customers: Ganesh RamBSE launches eKYC services on StAR MF for seamless onboarding of investorsIt is the need of the hour as mediocre staffs with less knowledge are feeding wrong name and addresses in mutual fund branches. Comment. Abc Large.

From March 31, 2020, SEBI said that the maximum investment in unlisted NCDs will be 15 percent of the debt portfolio of the scheme and the investment limit will be 10 percent from June 2020.SEBI allowed MFs to create segregated portfolios for unrated debt or money market instruments of an issuer that does not have any outstanding rated debt or money market instruments.

Save. Sebi issues circular on Aadhaar e-KYC for investors. NEW DELHI: Markets regulator Sebi on Friday imposed a penalty of Rs 10 lakh each on three public sector financial institutions -- SBI, LIC and Bank of Baroda -- for not complying with the mutual fund norms. Reproduction of news articles, photos, videos or any other content in whole or in part in any form SEBI said no single issuer will have more than 15 percent weight in the index.Debt-oriented MF schemes with more than 10 percent exposure to their sponsors' group companies before October 1 were allowed to continue with such investments till respective maturity dates. The regulator had asked MFs and AMCs to conduct system audit on an annual basis by an eligible independent auditor.SEBI had directed to constitute a technology committee entrusted with the task of reviewing the cybersecurity and cyber resilience framework for MFs and AMCs.In a bid to step up surveillance on MFs, SEBI asked fund houses to provide various details about artificial intelligence (AI) and machine learning-based (ML) systems used by them on a quarterly basis.As most AI and ML systems are "black boxes" and their behaviour cannot be easily quantified, SEBI said it was imperative to ensure that any advertised financial benefit owing to these technologies in investor facing financial products offered by intermediaries should not constitute to misrepresentation.SEBI allowed mutual funds to participate in exchange-traded commodity derivatives (ETCD).

For a sectoral or thematic index, no single stock shall have over 35 percent weight in the index.To protect MFs from cyber attacks, the systems, operations and processes of were to be prescribed with cybersecurity and cyber resilience policy document including the appointment of a chief information security officer who shall work under the supervision of Technology Committee of the Asset Management Company (AMC).The aspects to be covered are access control, network security, physical security, data security, application security, vulnerability assessment and periodic technology audit.Writing Call options under Covered Call Strategy for Nifty and Sensex stocks allowed as part of the investment in derivatives.The Monthly Cumulative Report (MCR) was revised to exclude double counting of investment by a scheme that is made into other schemes of the MF.Under a Go Green Initiative, for records of advertisements issued by MFs, they were required to submit only electronic version and do away with the print version.All debt securities up to 30 days remaining maturity prescribed to be valued at amortisation basis.Earlier amortisation basis was allowed for debt securities up to 60 days maturity, however, following the debt default episodes for the reflection of true value, the remaining maturity period for amortisation methods was reduced by SEBI.