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Sebi board clears mutual fund rules; fund houses may need to invest more in NFOs

Sebi board clears mutual fund rules; fund houses may need to invest more in NFOs SECTIONS Last Updated: Jun 30, 2021, 09:43 AM IST Share Synopsis 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. Getty Images 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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Top 10 things to know before the market opens
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