News From Press Sebi board clears Mutual Fund rules, fund houses may need to invest more in NFOs

Sebi board clears Mutual Fund rules, fund houses may need to invest more in NFOs

The current rule requires an investment of one per cent of the amount raised in New Fund Offer (NFO) or an amount of Rs 50 lakh, whichever is less.

Source: Moneycontrol Jun 30, 2021

Sebi on Tuesday approved amendment to mutual fund rules, which may require fund houses to invest more in their new fund offerings depending on risk level to ensure more skin-in-the-game. The current rule requires an investment of one per cent of the amount raised in New Fund Offer (NFO) or an amount of Rs 50 lakh, whichever is less, Sebi said in a statement after its board meeting.

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