New Mutual Funds Rules That Comes Into Effect In 2021
The mutual funds have gone through many ups and down in 2020. SEBI (securities and exchange board of India) has announced some changes with effect from 1 January 2021 for a transparent and flexible investment in the best mutual funds . The respective regulations in mutual funds ease people to know better about the best mutual funds to invest in. • New addition in the risk-o-meter tool: The high-risk mutual funds will be disclosed to the investors for a wise decision. The risk-o-meter will reveal the monthly status of the high-risk mutual fund, including AMC's disclosure. This risk-o-meter will introduce clarity about the best mutual funds to invest in. • The inter-scheme transfer must be done in 3 business days : SEBI has made the regulation that the debt paper transfer from one mutual fund to another has to be done within three business days. SEBI has further cleared that IST's will not influence rumors or ...