This amounts to 58 per cent of the assets under management of the six schemes on April 23, 2020, when the fund house decided to wind them up
Index funds, ETFs, overnight funds and close-ended funds have been exempted from the new rule.
Statement follows reports that FT global head wrote to Indian ambassador that the asset manager would be forced to cut jobs and pull back India operations in case Sebi levies a large fine
Building a diversified portfolio will protect against big drawdowns in value
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Outflows stood at over Rs 3,500 crore in July as investors took advantage of market rebound amid Covid uncertainty
Advisor reckon longer horizon as category can see heightened volatility
Fund house exploring ways to expedite secondary market sales to boost liquidity
MF experts say that market volatility is likely to continue as economic outlook remains uncertain and Covid-19 is still a major concern
Market observers say selling these two stocks were more of a tactical call following a sharp run-up in them during April
Share sale by fund house had led to speculation on promoters' pledged shares being invoked
Shrinking asset size has added to challenges in bringing down levels of such investments
Fund managers say stocks in the sector are available at beaten-down valuations, and large-sized banks will play critical role as credit off-take will be key to economic recovery
According to experts, this move could delay the wind-up process of monetising the scheme assets and distributing the payouts to investors
Fund managers expect yields to remain elevated at the longer-end of the yield curve in light of government's borrowing plans
In April -- which was the first full month post-lockdown -- equity flows were down 47 per cent down to Rs 6,212 crore, reflecting the impact of lockdown
Sebi data reveals transactions remained high in both March and in April
Industry likely to see revenues come under pressure in new financial year
Morningstar says fund governance strong positive, bundled fee structure can be reviewed
Crisis could trigger tweaking of categorisation norms by Sebi, say experts