AMCs to maintain Rs. 20 cr assets in debt funds: SEBI

India Infoline News Service | Mumbai |

SEBI has also asked fund houses to keep the minimum subscription amount in debt and balanced schemes at Rs. 20 crore during a new fund offer.

SEBI has asked fund houses to maintain a minimum of Rs. 20 crore AUM (assets under management) in debt funds on half yearly rolling basis in all open ended debt oriented schemes.
SEBI has also asked fund houses to keep the minimum subscription amount in debt and balanced schemes at Rs. 20 crore during a new fund offer. For other schemes, it said the minimum subscription amount should be Rs. 10 crore.
“It has been observed that many debt oriented schemes are operating with a very low AUM. In the interest of investors, it is important that debt oriented schemes have an adequate corpus to ensure adherence to the investment objectives,” stated SEBI circular on Friday.
The regulator has given one years’ time for existing schemes to comply with SEBI’s new rules.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.