All close-ended MFs to list on exchanges from today

On Friday, as per the Sebi order, all close-ended schemes have to list on the exchanges. This rule, however, does not apply to equity-linked savings schemes.
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Dec 12, 2008, 12.42 PM | Source: CNBC-TV18

All close-ended MFs to list on exchanges from today

On Friday, as per the Sebi order, all close-ended schemes have to list on the exchanges. This rule, however, does not apply to equity-linked savings schemes.

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All close-ended MFs to list on exchanges from today

On Friday, as per the Sebi order, all close-ended schemes have to list on the exchanges. This rule, however, does not apply to equity-linked savings schemes.

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India Business Hour

Excerpts from India Business Hour on CNBC-TV18 Watch the full show ยป

On Friday, as per the Sebi order, all close-ended schemes have to list on the exchanges. This rule, however, does not apply to equity-linked savings schemes.

 

The listing fees will have to be included in the annual fees charged by an asset management company. With regard to debt funds, the listing fee has an upper limit of 2.25%, while it stands at 2.5% for equity funds. This percentage will be calculated on the first 100 crores of the fund's average assets under management.

 

The new provision also mandates those close-ended schemes to be listed which had previously received regulatory approval but have not yet launched.

 

The market regulator's Mutual Fund Advisory Committee is slated to meet tomorrow to discuss a few concerns of the industry. Sources say indicative yields for schemes, essentially FMPs, will be taken up.

 

Also on the agenda are issues of multiple valuations for mutual funds, and allowing all instruments, including short-term instruments, to be marked-to-market.

Q Turnover rates would be most relevant to analyse the achievement of:
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All close-ended MFs to list on exchanges from today

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