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INTER SCHEME TRANSFERS
Centre to set up national registry for skill trainersThe Skill Development and Entrepreneurship Ministry is launching a Skill Instructor Registry. This initiative will create a central databas...
ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...
Those willing to look beyond the fog of war: 5 large-caps from different sectors with upside potential of up to 28%The news mix could not be more confusing. On the one hand, the US House voted to halt Trump’s Iran war, and Israel and Lebanon again agreed...
SBI staff's 2-day nationwide strike deferredThe scheduled nationwide strike by SBI staff for May 25-26 has been cancelled. This decision comes after successful dialogue between the ba...
IndiGo to operate on Gaya-Bangkok route as Bihar cabinet clears proposalBihar's cabinet has approved IndiGo Airlines to operate direct flights between Gaya and Bangkok for 12 months, aiming to boost internationa...
Manipur CM visits Kangchup Chingkhong, interacts with IDPs and reviews rehabilitation measuresDuring his recent outreach to the Kangchup Chingkhong community, Chief Minister Yumnam Khemchand Singh addressed the pressing needs of Inte...
As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling frameworkThe All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange wi...
SBI employees’ 2-day strike on May 25, 26: Pension fund manager option to ‘NPS employees’, parity issue among 16 demandsSBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequ...
RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI normsThe Reserve Bank of India has unveiled draft guidelines for prepaid payment instruments. These new rules aim to strengthen compliance and c...
India defers power plant maintenance to add 10 GW capacity for summer peak demandIndia is boosting electricity supply for summer. Maintenance shutdowns at thermal power plants are postponed. This adds 10,000 MW of power....
Bank of India MF, CEO & his family settle case with Sebi for Rs 3.08 crAs per the order, the regulator conducted a thematic inspection of BOI AXA Mutual Fund for the period August 2018 to February 2019 to verif...
SAT stays Sebi's penalty on PGIM AMC in inter-scheme transfersThe Securities Appellate Tribunal has stayed the penalty imposed by capital markets regulator Sebi on PGIM Asset Management Company in a ca...
Sebi fines Rs 36 lakh on PGIM AMC, CEO Ajit Menon, 3 othersIn its order, Sebi noted that five entities did not adhere to the provisions of the mutual fund regulations while executing ISTs between op...
Sebi tightens rules on inter-scheme transfers in mutual fund schemesInter scheme transfer refers to shifting of securities from one scheme to another within the same fund house done at the market price.
Sebi tightens inter-scheme transfer norms for mutual fundsSebi said in case of close-ended schemes, inter-scheme transfer purchases will only be allowed within 3 business days of allotment after th...
New Sebi norms will help debt mutual fund investorsThe Securities and Exchange Board of India's revised disclosure requirements for debt mutual funds will increase transparency and help inve...
Is it time to move out of Balanced Advantage Funds or BAFs?There is buzz that the illiquid securities are being moved to BAFs and other hybrid schemes via inter-scheme transfers. This is prompting m...
Why inter-scheme transfers in debt mutual funds should worry youOver the month of April, credit risk funds sold bonds worth roughly Rs 5,500 crore to sister schemes. ICICI Prudential AMC, HDFC AMC, Kotak...
Should mutual fund investors worry about high inter scheme transfers?Inter scheme transfers in the mutual fund industry have inched up in December and January.
- MFs check inter-scheme transfers
The internal compliance teams of some mutual fund houses have asked their fund managers to curb interscheme asset transfers, which is often...