News From Press MFs not liable for bad calls; L&T MF case sets template

MFs not liable for bad calls; L&T MF case sets template

Source: livemint Aug 25, 2023

Transparency matters, especially where investor money is concerned. But, not all fund houses are transparent about all their decisions. In March, market regulator Securities and Exchange Board of India (Sebi) shot off a show-cause notice to L&T Mutual Fund, seeking justification for some of its fund management decisions.

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