Sebi halts NFOs in mutual funds as industry scrambles to comply with circulars1 min read . Updated: 01 Apr 2022, 09:25 AM IST
- The regulator had asked mutual fund houses to ensure that no mutual fund distributor, online platform, stockbroker or investment advisor pools accounts and then transfer it to the fund house for purchasing units of schemes for those investors
MUMBAI: The Securities and Exchange Board of India (Sebi) has stopped the mutual fund industry from issuing new fund offers (NFOs) for now, as the regulator provides time to the industry to comply with its new norms.
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