News From Press YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in

YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in

Nifty, Bank Nifty funds will have to sell stock after index exclusion

Business Standard Mar 16, 2020

Worried over the 75 per cent three-year lock-in for YES Bank shareholders, mutual funds (MFs), along with stock exchanges, will approach the Securities and Exchange Board of India (Sebi) on how the impact of government’s notification can be mitigated on index funds and exchange-traded funds (ETFs). From March 27, YES Bank will be excluded from both the Nifty and Bank Nifty indices.

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