Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Sebi extends subscription period for RGESS schemes
BackBack

Sebi extends subscription period for RGESS schemes

Sebi extended the initial offering period of mutual fund schemes that are under RGESS scheme from 15 days to 30 days

The period within which an asset management company has to allocate the units, refund money and issue statements of accounts, has been extended from five days to 15 days from the closure of the initial subscription. Photo: Abhijit Bhatlekar/ Mint (Abhijit Bhatlekar/ Mint )Premium
The period within which an asset management company has to allocate the units, refund money and issue statements of accounts, has been extended from five days to 15 days from the closure of the initial subscription. Photo: Abhijit Bhatlekar/ Mint
(Abhijit Bhatlekar/ Mint )

Mumbai: The Securities and Exchange Board of India or Sebi, on Wednesday, extended the initial offering period of mutual fund schemes that are under Rajiv Gandhi Equity Savings Scheme from 15 days to 30 days.

Also, the period within which an asset management company has to allocate the units, refund money and issue statements of accounts, has been extended from five days to 15 days from the closure of the initial subscription.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Anirudh Laskar
Anirudh reports on significant corporate matters including large mergers and acquisitions, India's emerging e-commerce sector and regulatory issues in the corporate and financial services industry. Over the past 17 years, he has covered many beats including banking, NBFCs, aviation, automobile, insurance, markets, SEBI, IRDAI, mutual funds, investment banking, private equity, deals, and conglomerates.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 06 Feb 2013, 11:36 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App