Rule changes that have an effect on financial transactions effective January 2021
NAV on Purchase of MFs Till now, purchases upto INR 2 lakhs were allotted units based on the NAV of the day the purchase request was made provide the request was submitted before 1 PM. Going forward, units will be allotted based on the NAV of the day the AMC / Scheme realises the monies. […]
New Risk-O-Meter effective from Jan 1, 2021
Sebi has revised norms that require fund houses to assess and label risks in various schemes. The Risk-o-meter will now capture inherent risks in a fund’s portfolio in detail. Till now Funds across debt and equity were assigned risk grade basis a perceived risk of the category. For example, all equity funds were categorised has […]