makes a few recommendations to SEBI
mutual fund advisory committee in its meeting today with SEBI suggested that
AMFI could become an SRO to regulate distributors.
liquid funds, the committee recommended that the NAV should be allotted based
on realisation of funds for investments below one crore. Investors were
splitting applications to get the same day’s NAV if they wanted to invest one
crore. It has asked SEBI to take strict action against this practise. It has
also suggested SEBI to make portfolio disclosures mandatory on a monthly basis
instead of every six months.
exit load has to be written back to the scheme and against which few basis points
expenses can be charged by the scheme. There was a discussion on bringing
fungibility and increasing total expense ratio also” said a committee member.
say that no consensus was arrived on formulating an incentive structure for
distributors. “Entry load is not being
introduced. SEBI will present the recommendations to its board,” says M S Apte,
Investor Association - Lokmanya
regulator is likely to present these recommendations to its board members for