If fund house takes a hit, your mutual fund will too get affected. Here’s how
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Market regulator Securities and Exchange Board of India (
The move has come after the redemption crisis that JP Morgan faced last September, in two of its schemes involving Amtek Auto.
As per SEBI’s latest note, the changes come into effect immediately for new schemes launched now onwards, while the existing ones would get the changes from July 1st. The note says that an asset management company (
Also, these restrictions can be imposed only for a maximum 10 working days after taking prior approval from its board and trustees.
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