The steps taken by Sebi have certainly made mutual fund investments more transparent and less risky
The move comes a day after Sebi exempted Heineken from the obligation of making an open offer following its proposed acquisition of shares in UBL
As per the application, Heineken is presently evaluating the acquisition of a maximum of 3,96,44,346 equity shares, amounting to 14.99%, of UBL
Asset Management Companies are required to disclose the TER of all schemes on a daily basis on their websites
The move is a welcome step to protect investors from unfair business practices by investment advisors who are often guided by a quantum of commission.
This initiative is to protect the interests of investors in the securities market and to boost the development and regulate the securities market
Sebi will continue to concurrently administer and supervise all registered IAs and IAASB will be subject to periodic inspection by it
Under the framework, corporate foundations, political and religious organisations, among other entities should not be allowed to be on the bourse
The penalty has been reduced from Rs 1 crore to Rs 10 lakh, according to a SAT order dated June 9
For the ordinary equity investor these are times that make them nervous about possible fall in the market from their peaks