Money & Finance
POSTED BY: Ranjeet Kumar PUBLISHED: Jun 25, 22
Asset Management Companies (AMCs) are getting ready to introduce new mutual fund schemes after a temporary halt,
as the three-month moratorium imposed by capital markets regulator SEBI on the introduction of new fund offerings comes to an end.
Along with selected launches in particular categories to solve product shortages, AMCs also maintain a portfolio of passive funds
NFO issuance had been halted by the Securities and Exchange Board of India (SEBI) while the new pool account systems were being developed,
and the regulator had set July 1 as the deadline for the new system's adoption. At least six AMCs have already submitted offer documents to SEBI this month
including Sundaram MF, LIC MF, Baroda BNP Paribas MF, PGIM India Mutual Fund, and Franklin India MF.
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