News From Press Sebi speeds up NFO approval process; move comes as boost for newer players

Sebi speeds up NFO approval process; move comes as boost for newer players

Source: BS Oct 20, 2023

The Securities and Exchange Board of India (Sebi) has sped up the process of clearing applications for raising funds via mutual funds (MFs) new fund offers (NFOs), said people in the know.

Industry players said the pendency of applications has reduced drastically compared to last year. In several cases, NFOs have managed to obtain regulatory clearances in less than a month.

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