The PMS manager can only charge performance fee to investors if the fund has crossed its highest value as on the day when the fee is supposed to be charged.
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
Asset management companies have been told not to deal with non-compliant intermediaries. They are to report such cases to the Association of Mutual Funds in India (Amfi) and Sebi.
The Pakistani army again violated the ceasefire on Tuesday by firing on forward areas along the Line of Control in Poonch district, prompting Indian troops to retaliate.
DEA officials to push for this at a meeting with FM Jaitley.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
Support from the committee gives Xi an indefinite extension on the reins of power, which will surely result in hawkish and insular policies. It does not bode well for relations with the USA, or with anyone else who does not bow the knee to Beijing, for that matter.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
The proceedings initiated under the Sebi Act have to be concluded by the passing of an order by the competent authority.
Mutual fund investors will be able to earn more on their investments because of the Securities and Exchange Board of India ruling on the removal of 2.25 per cent entry loads on their investments.
The apex transparency panel also asked the market watchdog to decide the matter within two months after holding consultations with the government officials as well, besides taking a view point of FIIs in this regard.
Sinha started his tenure at Sebi a bit shakily making people wonder if he'd complete his three years. Eventually, he went on to stay twice that long.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
RBI is likely to continue with its tough stance on monetary policy to maintain price and financial stability.
Future, which recently tied up with Amazon in India to sell its fashion and food products exclusively on the American giant's marketplace platform, is looking at a gross merchandise value of about Rs 6,000 crore (Rs 60 billion) in the next three years from the venture.
During the visit, the prime ministers will reaffirm the close friendship between the two countries, and discuss ways to further deepen bilateral cooperation.
After his previous visit, the Sensex crashed and it took four painful years to top the 21,000 mark.
The Pakistani Supreme Court ordered for a joint investigation team to probe the allegations of money laundering against his family.
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
This may mean easier access, simplified KYC and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II.
Mergers and acquisitions would continue to create big corporate conglomerates but there is a need to draw a red line to avoid dominance and curbing of open competition in market by them, he said while addressing a conference on competition issues in New Delhi.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
Indian and Pakistan troops exchanged heavy fire in the Nowgam sector of the Line of Control in north Kashmir Baramulla district on Wednesday after two paramilitary border security force troopers were injured in sniper fire from across the LoC.
The US Commodity Futures Trading Commission is considering a proposal from the Rapaport Group to start the world's first diamond-futures contracts.
The pacts signed after Modi-Hasina talks provided for deeper cooperation between the two countries in areas of water resources, youth affairs, culture, education and coastal surveillance.
Operationalisation of a new border defence agreement to deal with recurring troop incursions along the LAC besides improving defence ties, is expected to top the agenda of General Bikram Singh as he starts a rare visit by an Indian army chief to China from Wednesday.
An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.
Paramilitary forces have been deployed at strategic points and the Election Commission has ordered video recording at all polling booths. Out of the 87 constituencies going to the polls, 58 are located in the Saurashtra region.
The one-size-fits-all approach adopted by the AICTE is not suitable for regulating business schools in India, argues Asish K Bhattacharyya.
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Sebi keen to attract larger number of retail investors
In April, the inflows into equity schemes dropped 60% compared to the previous month to Rs 4,608 crore, the lowest since Sept 2016.
A handler of Pakistan's Intelligence Operative and one Border Security Force serving officer have been arrested.
Unlike most MF distributors in India, Paytm Money will be offering low-cost direct plans, which don't charge for distribution expenses
The manpower requirement will be met with the officers from FMC (both cadre and deputation) and by new hiring.
The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or rupees of gullible investors were allegedly swindled.
Doval's visit was 'part of regular high-level engagements between India and China', an Indian Embassy press release in Beijing said.
India and China on Friday agreed to set up a dedicated communication channel to boost security cooperation as Home Minister Rajnath Singh held talks with China's security czar on issues like cross border terrorism from Pakistan and the Afghan situation.
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