Sebi also amend mutual funds rules to provide for the investment of a minimum amount as 'skin in the game' in the schemes by asset management companie
Many countries are in the process of introducing SPAC regimes by making suitable amendments to securities and tax laws
"The deferment will help AMCs effectively implement policies in line with the guidelines," said Anand Dalmia, co-founder, Fisdom
SEBI in its order found that Franklin Templeton Asset Management (India) "committed serious lapses/violations with regard to a scheme categorization
Mutual funds allow you to invest small amounts starting Rs 100 – cheaper than a pack of cigarettes
SEBI also appointed a committee to look into a liquidity and stress testing framework for debt mutual funds
Under the framework, existing AIFs may also invest simultaneously in securities of investee companies and in units of other AIFs
The Securities and Exchange Board of India (Sebi) has sought comments from the public till July 16 on the discussion paper
While staying the penalties, the tribunal directed Cairn India and others involved in the case to deposit Rs 2.5 crore with Sebi within three weeks
The net cumulative investments made by Alternative Investment Funds surged 31% to touch Rs 2 lakh crore mark in March'21.