ICICI Prudential Asset Management and its CEO Nimesh Shah have settled a probe initiated by the Securities and Exchange Board of India into the alleged violation of mutual fund norms over their investments in the initial public offering of ICICI Securities.

While the fund house has paid Rs 89.96 lakh, managing director & CEO Nimesh Shah has remitted Rs 6.8 lakh towards settlement fees, the market regulator said on Thursday.

November so far hasn't seen a single draft filing of new fund offers in equity schemes from asset management companies (AMCs), according to data available with Securities and Exchange Board of India (Sebi).

Experts feel the mutual fund houses have slowed down in expanding their product basket in equity schemes after the market regulator last year expressed its displeasure for "me-too"

The Supreme Court has allowed markets regulator Sebi to go ahead with certain proposed amendments to self regulatory organisation (SRO) regulations, including appointment as SRO, that are necessary to regulate mutual fund products.

A Bench led by Chief Justice Ranjan Gogoi accepted Sebi’s plea that the selection process for appointment as SRO for distribution of Mutual Fund (MF) products is required in the public interest.

Mumbai: The Securities and Exchange Board of India (Sebi) has initiated an enquiry into DSP Mutual Fund selling bonds of Dewan Housing Finance Ltd (DHFL) in September, two people aware of the matter said. News of the sale had triggered a 60% intra-day crash in DHFL share price. “The market regulator wrote to the fund house earlier this month probing whether there was a violation of model code of conduct by the fund house,

As a mutual fund investor, it is good to know how to get your complaints addressed. There are two levels of redressal available: one with the mutual fund itself and at the next stage with market regulator Securities and Exchange Board of India (Sebi).

The first step would be to use the redressal mechanism of the concerned mutual fund for resolution. The easiest way to proceed is contact the mutual fund on the designated helpline. All communication from the mutual fund and its website have the contact details.

Almost nine years after the launch of the first Sharia-compliant investment fund in India, the alternative investment funds based on the tenets of the Islamic banking are yet to take off in the country.

While Islamic banking is not permitted by law, people are free to raise or invest in Sebi-registered venture capital funds (VCF) that are in compliance with Islamic finance rules.

Market regulator Sebi tightened disclosure and review norms for credit rating agencies (CRAs) on Tuesday, following concerns this year after they failed to raise timely red flags ahead of collapse of IL&FS.

The Securities and Exchange Board of India (Sebi) ordered CRAs to analyse deterioration in the liquidity conditions of an issuer, while monitoring its repayment schedules and taking into account any asset-liability mismatches.

Biscuit-maker Mrs Bectors Food Specialities and auto-components maker Sansera Engineering have received markets regulator Sebi’s go-ahead to launch initial share-sale offers.

Mrs Bectors Food and Sansera Engineering obtained “observations” from the Securities and Exchange Board of India (Sebi) on November 9 and November 12, respectively, showed the latest update with the markets watchdog.

Debt-laden Reliance Communications has settled a case with markets regulator Sebi over non-compliance with listing norms, including alleged failure to promptly inform about interest payment default on debentures, according to an order.

The company, part of the Anil Ambani group, also settled the issue of non-cooperation with the credit rating agencies and debenture trustee that were in violation of listing norms.

Mumbai: At least three companies will see their respective initial public offering (IPO) approvals from the Securities and Exchange Board of India (Sebi) expire this month, almost 12 months after receiving the regulator’s nod.

The companies—Anil Ambani-led Reliance General Insurance Co. Ltd, Baring Private Equity Asia-owned CMS Infosystems Ltd and shipping company Seven Islands Shipping—had filed their draft red herring prospectus in September-October 2017.

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