SEBI GUIDANCE
US fintech platform TIFIN debuts in Indian market with conversational AI assistant MyFi
MyFi is a personalised product created specifically for India, taking inspiration from its successful US counterpart, Magnifi, as explained by Kiram Nambiar, cofounder and CEO of MyFi said. MyFi is compatible with Android and iOS operating systems, it is a subscription-based model with plans starting at Rs 299/month
Infosys CEO Parekh settles insider trading charges
Salil Parekh, CEO of IT major Infosys, has settled a matter related to alleged insider trading violation by agreeing to pay Rs 25 lakh, said the Securities and Exchange Board of India (Sebi).
Quant Mutual Fund had over Rs 9,000 crore cash pile to face redemption pressure after Sebi's investigation
Quant Mutual Fund, in the midst of a front-running investigation, holds substantial cash reserves. Financial Radiance recommends against hasty liquidation, highlighting potential market opportunities for investors.
Hold your horses, Morningstar tells Quant MF investors rushing for the exit door
Quant Mutual Fund's net asset values experienced a slight dip on Monday, with the Quant PSU Fund seeing the largest decrease of up to 1.09%. Small-cap and mid-cap funds also saw minor decreases of 0.66% and 0.94%, respectively.
Why investors should not panic or stop SIP in Quant Mutual Fund after front-running crisis
Experts advise staying invested in Quant Mutual Fund despite short-term NAV fluctuations and regulatory investigations. Monitoring the situation closely and being prepared for potential impacts is recommended for long-term investment goals.
12 Lessons from Polls 2024
Lessons in governance and strategy for corporate India from the 2024 Elections and the formation of the third NDA government include the importance of competition, cooperation, feedback, communication, supply chain management, consumer knowledge, CEO dynamics, outsider directors, underdogs, and consistent performance.
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Threat of bad advice: A more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it
The real pitfalls arise when bad financial products are marketed as good ones, and investors fail to recognise the deceit. If you are saving and investing, encountering such schemes is inevitable; it’s not an exception, but certainty. Thus, a more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it.
A market rumour will now no longer remain just a rumour under latest SEBI order
In my article on October 03, 2023, titled “Formation of Industry Standards Forum by SEBI - a pragmatic era in regulation implementation”, I had mentioned that SEBI has introduced a very pragmatic method of drafting standards for implementation of a regulation.
In AUM term, we are the largest low-income HFC: Rishi Anand, Aadhar Housing Finance
Rishi Anand, MD & CEO of Aadhar Housing Finance, discusses the IPO, Blackstone's stake reduction, SEBI approval, high AUM, improving asset quality, significant housing unit shortfall, stable NIMs, debt levels, mortgage penetration challenges, and the strategic distribution strategy. Anand says: "We are covering about 11,000 PIN codes out of the 18,000 PIN codes in the states we are available, spread across the length and breadth of the country."
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Mutual fund investor grievances decline in H1 FY24: AMFI
Around 619 complaints were reported during the same period a year ago. Out of 619 complaints, 494 complaints were received directly from investors/ distributors and 125 complaints were received through SEBI.
Sebi extends deadline to June 2024 to add nominees in mutual funds, demat accounts
Sebi asked asset management companies (AMCs), depository participants and Registrar and Transfer Agents (RTAs) to encourage the demat account holders and mutual fund unit holders to fulfil the requirement for nomination/opting out of nomination by sending a communication on fortnightly basis by way of emails and SMS to all such unit holders who are not in compliance with the requirement of nomination.
Sebi extends deadline to add nominees in demat and MF accounts
Markets regulator Sebi on Wednesday extended the deadline to June 30 next year for demat and mutual fund account holders to provide a nomination. Earlier, the deadline to nominate a beneficiary or opt out of it by submitting a declaration form was December 31, 2023.
Sebi fined for 'Lackadaisical' approach in Kirloskar case
"This lackadaisical approach by Sebi is contrary to spirit of Sebi Act...we find that the interest of the investors, namely, the appellants were least considered and apathy was writ large," read the SAT order.
SAT hauls up Sebi for lackadaisical approach in Kirloskar Industries case
In October 2020, Sebi prohibited Atul Kirloskar, Rahul Kirloskar, Alpana Kirloskar, Arti Kirloskar, and Jyotsna Kulkarni from accessing the securities market for six months. This order was challenged in the appellate tribunal, which passed in the interim of December 2020 and stayed Sebi's order subject to an undertaking to the effect that they would not sell their shares in KIL.
Want to make most of F&O frenzy in commodity market? Make informed decisions with GapUp
The Sebi-registered Bagaria offers his services via Telegram channel based on the subscription model. GapUp does not only act as a marketplace for analysts offering advisory services but also webinars, courses and interactive sessions that help rookie traders get answers to simple and important trading concepts. The GapUp offerings, thus, help strengthen the learning foundation of commodity traders in real-time market dynamics.
Finfluencer mess: Assessing the need for SEBI intervention
The advent of finfluencers, gaining momentum in the wake of the 2020 global pandemic, has reshaped how individuals engage with financial markets.
Sebi asks brokers to inform most important terms and conditions to clients
For the onboarding of new clients, the date of the implementation and compliance by the market participants will be April 1 and for existing clients, the MITC will inform clients through email or any other suitable mode of communication by June 1.
Union Bank to raise Rs 2000 crore via QIP by December
The bank has already raised Rs 5000 crore through QIP in August at an issue price was Rs.86.55 per equity share which included a premium of Rs.76.55 per equity share. Its Capital risk weighted adequacy ratio is at 16.69 percent.
Indian REITs Association launched; sets agenda for growth, governance and investor advocacy
With Rs 1,19,313 crores in gross Assets Under Management (AUM), a market capitalization of over Rs75,000 crores, and a portfolio covering 113.5 million square feet of Grade A office and retail spaces nationwide, REITs in India have demonstrated noteworthy growth since the first REIT listed in 2019.
Sebi to curb finfluencers to help investors get accurate, unbiased info
While many finfluencers provide valuable insights, there has been a growing concern over the potential risks associated with unregulated finfluencers who might offer biased or misleading advice. They usually work on a commission-based model.
Sebi to curb finfluencers to help investors get accurate, unbiased information
Moves proposed by Sebi last month not only ensure that investors receive accurate and unbiased information but also help in preserving authenticity and reducing fraud, Anand Rathi Wealth Deputy CEO Feroz Azeez told PTI.
Sebi comes out "stricter timeline" for disclosure of material events
Under the framework, the regulator asked listed companies to disclose family settlement agreements, which can impact the management and control of such firms to stock exchanges. These agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party.
Delisting NCDs: Is the Indian debt capital market prepared?
The Securities and Exchange Board of India (Sebi) has released a consultation paper proposing a framework for delisting of Non-Convertible Debentures (NCDs) by listed entities, which includes corporates, REITs, and InvITs. The proposed regime requires unanimous consent from all NCD holders prior to delisting. The paper also raises concerns about the impact on issuers' flexibility to raise debt and potential issues with the rights of certain investors upon delisting. Clarifications are needed to exclude REITs and InvITs from the framework. The current listing regime allows exit options for issuers and investors after one year, but the paper does not provide clarity on delisting options before this period. There could be tax implications for investors if listed NCDs are delisted. Overall, while introducing a delisting mechanism for NCDs is a positive step, the proposed framework may not be suitable for the complex regulatory landscape in India.
Sebi notifies rules allowing PE funds to sponsor mutual fund houses
Under the eligibility criteria for the sponsor of MF, Sebi said that sponsors need to adequately capitalise the asset management company (AMC) such that the positive liquid net worth of AMC should be at least Rs 150 crore.
Sebi discontinues fee payment via demand draft
Sebi's Informal Guidance Scheme enables certain entities to request for informal guidance regarding the applicability of laws and regulations administered by the markets regulator in the form of "No Action Letters" or "Interpretive Letters" from the markets watchdog.
No independent valuation needed for SpiceJet's preferential share sale: Sebi
The stressed airline had written to Sebi seeking clarification on whether the share allotment will fall under which section of the Issue of Capital and Disclosure Requirements Regulations.
SEBI takes 16 major decisions in board meet: Key takeaways for Dalal Street
Regulator is introducing a quantitative threshold for determining ‘materiality’ of events or information
Sebi allows PE funds to become MF sponsors; enhances role, accountability of trustee
In addition, the board of Sebi has decided to permit "Self Sponsored AMCs" to continue the mutual fund business. This is subject to asset management companies (AMCs) fulfilling certain conditions. The move would give the original sponsor flexibility to voluntarily disassociate itself from the MF without needing to induct a new and eligible sponsor.
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