Sebi board clears mutual fund rules; fund houses may need to invest more in NFOs
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Last Updated: Jun 30, 2021, 09:43 AM IST
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Sebi on Tuesday approved amendment to mutual fund rules, which may require fund houses to invest more in their new fund offerings depending on risk level to ensure more skin-in-the-game.
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New Delhi: Sebi on Tuesday approved amendment to mutual fund rules, which may require fund houses to invest more in their new fund offerings depending on risk level to ensure more skin-in-the-game.
The current rule requires an investment of one per cent of the amount raised in New Fund Offer (NFO) or an amount of Rs 50 lakh, whichever is less, Sebi said in a statement after its board meeting.
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