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SEBI in talks with industry on mutual funds norms

Friday, December 7, 2018, 3:50 PM

Capital markets regulator SEBI is in talks with industry to deal with fears of contagion effect on mutual funds due to a liquidity crisis faced by the country's NBFC, SEBI Chairman Ajay Tyagi said on December-7. The crunch hit India's shadow banks in September and October after Infrastructure Leasing and Financial Services(IL&FS) defaulted on a series of debt obligations spreading panic among other NBFCs.
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HDFC AMC, HDFC Trustee Company settle case with Sebi; pay Rs 3.78 crore

Wednesday, December 5, 2018, 7:20 PM

HDFC AMC and HDFC Trustee Company Tuesday settled a case with securities market regulator Sebi related to alleged violation of mutual fund norms after paying Rs 3.78 crore towards settlement fee. The Securities and Exchange Board of India (Sebi) agreed to settle proposed adjudication proceedings in the case after it was approached by the two entities with a plea under the settlement regulations.
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EPFO likely to increase proportion of funds to UTI for ETF investment

Tuesday, December 4, 2018, 7:46 PM

Retirement fund body EPFO is likely to increase fund allocation to its exchange traded fund manager UTI Mutual Funds as it has provided better returns than SBI Capital on ETF investment by the pension fund. At present, the Employees' Provident Fund Organisation's 75 percent ETF investments are handled by SBI Capital, while remaining 25 percent is managed by UTI Mutual Funds.

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