News From Press Sebi asks mutual funds to cast vote on all company resolutions

Sebi asks mutual funds to cast vote on all company resolutions

In case fund manager of any specific scheme has strong view against the views of fund manager of the other schemes, the voting at scheme level will be allowed subject to recording of detailed rationale for the same.

The Economic Times Mar 6, 2021

The Securities and Exchange Board of India (Sebi) on Friday said mutual funds including their passive investment schemes like index funds and exchange traded funds should cast votes compulsorily on all company resolutions. The regulator said vote should be cast at the mutual fund level.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Nine big financial changes that you must watch out for in October

National Pension System: How to choose the right annuity plan?

Buying health plan in India can help NRIs during visits here

SBI Funds Management purchases Rs 103 crore office space in Mumbai

Top 1% tax filers account for over 54% of short-term capital gains

Health, life insurance premiums need a tax cut? GoM to meet on October 19

Mutual funds dive into FoF waters to fish for debt fund alternatives

Sebi likely to introduce MF-Lite regulations for passive funds: Madhabi Puri Buch

Every equity mutual fund category fetched at least 20% return in last one year

Is your mutual fund overlapping putting your investments at risk? How to identify and avoid it!

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS