SEBIS INFORMAL GUIDANCE SCHEME
Kotak twist to Adani- Hindenburg drama: Here's how US short seller responded to Sebi show cause notice
Adani Hindenburg Row: In the latest turn of events, Hindenburg revealed it received a show-cause notice from India's market regulator SEBI over alleged violations related to its bets on Adani Group stocks. Kotak Bank was also entangled in the latest developments. Previously, Hindenburg Research had accused the Adani Group of stock market manipulation and accounting fraud.
Kotak Bank created fund used to bet against Adani: Hindenburg
Kotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions were squared off.
Fresh twist: Hindenburg gets Sebi notice for ‘shorting Adani shares’
Hindenburg termed the Sebi’s notice, dated June 26, as “nonsense, concocted to serve a pre-ordained purpose, an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India”. Apart from the research firm, its founder Nathan Anderson, Mark E Kingdon, Kingdon Capital Management, Kingdon Offshore Master Fund and K- India Opportunities Fund (KIOF) - Class F, too, were served the notice.
Zero factual inaccuracies with our Adani research: Hindenburg on Sebi notice | Read short seller's full response here
Adani-Hindenburg Case: US-based short-seller Hindenburg Research stated Kotak Bank, one of India’s largest banks and brokerage firms founded by Uday Kotak, which created and oversaw the offshore fund structure used by our investor partner to bet against Adani. Instead it simply named the K-India Opportunities fund and masked the “Kotak” name with the acronym “KMIL”
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
From finfluencer crackdown to F&O stock entry, exit tweaks, top 10 decisions from Sebi board meeting
The Securities and Exchange Board of India (Sebi) has approved finfluencer norms, prohibiting regulated entities like brokers from dealing with them. Under the norms, the Sebi regulated entities and their agents are barred from having any association directly or indirectly with any other person who provides advice or recommendation in respect to securities
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Sebi for mandatory disclosure of risk-adjusted return by MFs
"... it is felt that the risk adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return," Sebi said in a discussion paper.
Sebi proposes mandatory disclosure of 'risk-adjusted return' by mutual funds
Risk-adjusted return offers a comprehensive view of a mutual fund's performance by measuring the return earned per unit of risk taken. Currently, regulations do not require disclosure of RAR alongside standard returns for mutual funds.
Quant Mutual Fund crisis: How NAVs have been impacted since Sebi investigation
Investor concerns arise as front-running case impacts Quant Mutual Fund. Despite NAV declines in Quant Healthcare Fund and Quant Commodities Fund, stability is maintained with rising NAVs of Quant ESG Equity Fund and Quant Focused Fund.
No 'communication' from Sebi after initial inquiries: Quant MF
Quant schemes had liquid assets, which include large-cap stocks, T-bills, G-Secs, gold, and silver, worth approximately 53.5% of their total equity AUM, the asset manager said.
Sebi streamlines process for public issue of debt securities
Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.
SEBI cracks down on finfluencers, streamlines voluntary delisting process
In a significant move, the regulator approved a fixed price process for voluntary delisting, offering companies an alternative to the existing reverse book-building mechanism. Sebi chief Madhabi Puri Buch emphasised that unregulated entities providing market-related advice are acting unlawfully. The regulator also introduced a new delisting framework for investment holding companies, with the fixed price set at a 15% premium over the floor price. Additionally, SEBI granted exemptions to certain UNI funds from the beneficial ownership rule.
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).
IIFL Securities shares tumble 7% as Sanjiv Bhasin faces SEBI inquiry
IIFL Securities stock performance was influenced by the association with Sanjiv Bhasin, facing SEBI inquiry for alleged stock manipulation. The company's significant stock returns over the past year were impacted by market actions. Bhasin's role in directing stock purchases and generating retail interest is under investigation, affecting the stock price movement.
Quant MF reassures investors: Gross inflows normal, liquidity position robust
Quant MF reaffirmed its commitment to fully cooperate with the Sebi during its ongoing review, as reported by ET Now on Wednesday. The fund house has assigned dedicated personnel to provide regular data to the regulator.
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.
Quant Mutual Fund schemes NAV falls after Sebi investigation
The markets regulator, Sebi, is investigating a suspected case of front-running involving Quant MF, which manages assets worth Rs 93,000 crore. This has raised concerns among numerous investors about the security of their investments.
3 ways in which front-running can impact Quant Mutual Fund investors
As Sebi probes front-running at Quant Mutual Fund, impacting investors and shareholders, the illegal practice raises acquisition costs, affects NAV, and leads to selling pressure in suspected stocks, potentially affecting fund performance.
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.
Sebi suspects front-running at Quant MF, launches probe
Quant Mutual Fund is one of the fastest-growing funds with 80 lakh folios, small-cap scheme returned 68% in the last year, managing assets worth ₹93,000 crore.
DGCA revises regulations to boost seaplane operations under UDAN scheme
DGCA revamps regulations to streamline seaplane operations for sustainable development, enhancing pilot training and stakeholder engagement, including MoCA's initiative. The simplified procedures support economical and efficient operations.
Keen to learn about financial markets? Sebi rolls out free investor certification exam
Developed in collaboration with the National Institute of Securities Markets (NISM), this voluntary certification aims to help investors assess their knowledge of markets and investing. It is designed to provide individuals with comprehensive insights into investing in the Indian securities markets.
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.
Closing arguments, jury instructions and maybe a verdict? Major week looms in Trump hush money trial
The testimony in Donald Trump's New York hush money trial has concluded, moving to closing arguments, jury deliberations, and a possible verdict. Closing arguments, starting Tuesday, will summarize key points, with the defense aiming to create reasonable doubt. Judge Merchan will instruct the jury on legal standards before deliberations. Jurors must reach a unanimous decision on 34 counts of falsifying business records, with potential for a mistrial if they remain deadlocked.
LIC Mutual Fund changes name of five schemes
LIC Mutual Fund has announced the name change of its five schemes which include debt and equity schemes.
Mutual fund new KYC rules: Aadhaar is a must if you want to invest in multiple mutual fund schemes smoothly
Mutual fund KYC rules from April 1, 2024: To invest in any scheme of any mutual fund house easily, an investor must have KYC Validated status. However, the KYC validated can be achieved only if the KYC documents submitted by an individual can be verified with the source issuing such documents.
Financial credit a challenge for almost half of women entrepreneurs in MSMEs: report
A ‘Bharat Women Aspiration Index Report’ by Tide India reveals a critical gap: 95% of surveyed women lack awareness of government schemes that could help finance their businesses, forcing them to rely on informal lenders.
What does a riskometer in a mutual fund mean?
Investors can find the riskometer on the front page of a new fund application form, scheme information document (SID), key information memorandum (KIM), and also in the scheme advertisements.
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