In a circular, Sebi asked AMCs to specify achievable timelines in the Scheme Information Document (SID) of a mutual fund scheme regarding the deployment of the funds as per the specified asset ...

Markets regulator SEBI on Thursday made it mandatory for asset management companies to deploy money collected from investors through new fund offers (NFOs) within 30 days from the date of ...

SEBI said that trustees will be responsible for monitoring funds collected in NFO and taking steps to ensure that the NFO funds are deployed within a certain timeframe. Also Read: Nippon India ...

"The AMC shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units," it added. In an exceptional case, if the AMC is not able to deploy the funds in 30 ...

30-day deployment timeline "The AMC shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units," the SEBI's latest circular said. At present, AMCs face no ...

"The AMC shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units," it added. In an exceptional case, if the AMC is not able to deploy the funds in 30 ...

Trustees also have to monitor the deployment of funds collected in NFO and take steps to ensure that the funds are deployed in a reasonable timeframe, said SEBI. In case the funds are not deployed ...

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The Non-life Insurance Division of the National Financial Ombud Scheme South Africa (NFO) has determined that the absence of a valid Professional Driving Permit (PrDP) did not justify an insurer ...

Additionally, SEBI has introduced measures to prevent mis-selling by restricting distribution commissions on NFO switch transactions within the same AMC. Sub: Timelines for deployment of funds ...

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