Wednesday, December 15, 2010

SEBI TIGHTENS NORMS FOR LIQUID SCHEMES

The Securities and Exchange Board of India (SEBI) in an attempt to bring in more transparency in the manner liquid schemes operate, has directed fund houses not to deploy investor funds unless credited in the scheme account. The market regulator has also extended the daily cut-off time limit for investors to avail of the previous day's net asset value (NAV).

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