Effect of exit load on liquid funds
Exit load is applicable on all fresh investments (including through systematic investments) made in L&T Liquid Fund w.e.f. October 20, 2019 and if the same are redeemed within "X" days from the date of allotment
Sebi revives eKYC procedure for mutual fund investors
In a major boost to the mutual fund industry, the Securities and Exchange Board of India (Sebi) revived Aadhaar-based eKYC for mutual funds through a notification on 5 November. Unlike the previous version of eKYC, which had a limit of investment up to Rs.50,000, the regulator did not specify any upper monetary limit in its latest notification.
Mutual fund investor bet big on SIPs: Rs 49,000 crore in six months
Retail investors are preferring the SIP option for investing in mutual funds, as the industry garnered more than ?49,000 crore through this route in the first six months of the current fiscal, up 11 per cent from the year-ago period.
Foreign-owned mutual funds approach Sebi to get issues resolved
Foreign-owned or controlled mutual funds plan to approach market regulator Securities and Exchange Board of India (Sebi) after being stumped by the tweak in the Foreign Exchange Management Act (FEMA) guidelines, notified a few days ago.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.