Angel One earned about Rs 400 crore from transaction charges in FY24, which may be hit by a revision in market intermediary charge mechanism.
Sebi said the decision has been taken after taking into account the recommendation of Mutual Fund Advisory Committee and the feedback received from the industry and has come out with detailed outline for role, responsibility, membership and other features of the Audit Committee of AMC.
With this platform, requests for changes across funds managed by various RTAs could be serviced in one go, instead of separate, individual requests for each of them. All necessary documentation will be integrated and seamless, irrespective of the fund house involved, thereby reducing the time, cost and efforts involved.
Effectively about 10-12% of the F&O stocks would be impacted. For most other stocks, even if MWPL are restricted, open interest is far lower to have any meaningful impact.
Come September end and hundreds of stocks may have to shift to trade-to-trade segment if they don't comply with Sebi norms for 100% promoter holding to be in dematerialised form. And as many stocks remain non-complaint as of now, a serious impact on the overall liquidity cannot be ruled out, reports CNBC-TV18's Tanvi Shukla.