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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
SEBI’s insistence on investor protection will require restricting inflows and rejigging portfolios—easier said than done for some fund houses riding the wave.
The Securities and Exchange Board of India seems to be prepping the market for bad news.
Last week, it issued directions to mutual funds to put in place mechanisms to protect the interests of those investing in small- and mid-cap funds amid a build-up of “froth” in the space. In other words, in the event of a market downturn and a resultant surge in outflows from such funds, it wants to ensure that there is enough liquidity to sustain redemptions by investors.
Acting on the directions, the Association of Mutual Funds in India urged trustees of mutual funds to …
