Fund houses prepare NFOs as ban comes to an end, say they will comply with new standards
In an October 2021 circular, Sebi said pooling of funds or units by broker-dealers and clearing members in any form or manner would be discontinued for all fund transactions. mutual funds.
NFO | SEBI | Fund houses
Chirag Madia |
Last Updated Jun 18, 2022 01:53 IST
Asset management companies (AMCs) prepare to launch new fund offerings (NFOs) as the three-month embargo comes to an end. On Friday, at least five AMCs filed offering documents with the financial markets regulator Securities and Exchange Board of India (Sebi) seeking its permission to launch new programs.
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First published: Friday, June 17, 2022. 9:49 p.m. IST