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The Keg Royalties Income Fund Announces An Increase In globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
MUMBAI: The market regulator’s “skin in the game” directive is going to make salary and tax calculations complicated for key executives at fund houses. The Securities and Exchange Board of India (Sebi) last week ordered that fund houses pay at least 20 per cent of the total compensation of fund managers and other key executives in units in mutual fund (MF) schemes they oversee. The rule is aimed at aligning the interests of the people managing the funds with those of the investors. Since the value of this portion of the compensation will be market-linked and changing on a daily basis, it is unclear how it will be taken to issue the units and calculate the monthly tax outgo of these executives. If a fund manager is handling several schemes, it becomes even tougher to compute the percentage of salary to be given in fund units and the tax on those. ....
The Ether Fund by 3iQ Completes Private Placements globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.