Sebi cracks the whip on mutual funds (The Economic Times)

Capital markets regulator Sebi’s attempt to improve prudential regulation that includes tighter investment rules for debt mutual funds and stricter disclosure for promoters’ share pledges is welcome. The idea is to make these schemes more secure, particularly after the IL&FS default that exposed the vulnerability of non-banking financial companies (NBFCs). The new rules mandate liquid…

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Updated: July 2, 2019 — 11:47 AM