Sebi has also fixed a cap on fee that investment advisers (IA) can charge from clients. It has also put in place a procedural framework pertaining to audit and record-keeping
Given their high volatility, conservative investors must limit exposure to 5-10% of equity portfolio
Those facing ban are -- Money Increase, Venture Revenue, their proprietor Ashish Chourasiya and Shinal Jain, who is connected to Chourasiya
Passing an interim order against the firms and their proprietors, Sebi, among other directions, asked the entities to withdraw all advertisements in relation to their investment advisory services
Should you pick PPF, SCSS or debt mutual funds? Find out what the experts advice here