The regulator is expected to pass an order in the FT case under Sections 11 & 11B of the Sebi Act soon, they said. Sebi has wide-ranging powers under these sections, including the ability to issue directions to any intermediary or person associated with the securities market to protect the interests of investors.
Why is there this sudden enthusiasm for launching new international funds? Based on the past behaviour of mutual fund companies, the biggest reason is that they can.
The new fund Aditya Birla Sun Life Multi-Cap Fund is an open-ended equity scheme investing across large cap, mid cap & small cap stocks, the asset management company said in a statement.
The government has garnered Rs 2,540.87 crore through the Series 1 of FY22 offering, the second-highest by quantity only to August 2020 s record 6.35 tonnes.