SEBI's new entry rules for MF industry

Market regulator Sebi will look at increasing the net-worth needed for
a firm to operate as an asset management company.The heavy
redemption pressure seen by the mutual fund industry during the
October crisis has put the market regulator on guard. We have learnt
that Sebi may go in for an upward revision in net-worth requirement
for asset management companies. Sources say the requirement may
be hiked to Rs 50 crore from Rs 10 crore.
The Sebi MF Panel also wants money-market mutual fund schemes to
be valued realistically and wants the valuation based on the day's net-
asset value (NAV) instead of the historical NAV.

The Sebi MF panel also discussed a few other issues like sectoral caps
for mutual funds — it has been noted that some MFs have invested as
much as much as 74%–97% in the banking financial services industry .

They have discussed one more thing the issue of the mismatch between
indicative yield and actual yield of fixed maturity plans (FMPs) was also
discussed. The panel also felt that there is a need for transparency in the
transaction of MFs. It feels the distribution commission which is deducted
from total investments from MFs should be taken as a separate cheque from
the investors.

5 comments:

KnowYourProfit said...

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Now as such we had seen in the month of Feb'09 that volitality was very much there considering the various factors deciding the movement of the Indian Stock Market

Now in the coming Month of March'09 which is also the year's closing period,also the important Policies would might be declared around the world will be deciding the movement of Indian Stock Market


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Sharetipsinfo said...

Hi,

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One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
your money without any convincing reason for the same?

Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.

So grab good stocks and invest that’s the bottom line.

Sharetipsinfo said...

Hi,

Stock market India is volatile and all those who speculate in market are loosing everyday. Please remember stock market is not for speculation purpose. If one feel investing in stock market is gamble then its better to think again.

One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
your money without any convincing reason for the same?

Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.

So grab good stocks and invest that’s the bottom line.

Sharetipsinfo said...

Hi,

Stock market India is volatile and all those who speculate in market are loosing everyday. Please remember stock market is not for speculation purpose. If one feel investing in stock market is gamble then its better to think again.

One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
your money without any convincing reason for the same?

Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.

So grab good stocks and invest that’s the bottom line.

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