INSUBCONTINENT EXCLUSIVE:
Sebi Chairman Ajay Tyagi on Monday said that the markets regulator is actively looking at recategorisation of midcap and smallcap stocks for
Sebi chief had made a similar comments earlier this month.
To ensure uniformity, Sebi in 2017 issued a list defining largecap, midcap and
The list is being prepared once in six months by industry body AMFI in consultation with Sebi and stock exchanges.
Besides, to help
investors make accurate comparison of schemes, Sebi categorised and rationalised mutual funds schemes.
Active fund managers claimed the
categorisation had taken away their flexibility to invest, resulting in money flowing into a set of stocks, impacting MF scheme
performances.
The whole process was completed by mutual fund houses by June 2018, in which some schemes were merged while a few others saw
be returned in a timely manner-- that is the first priority.
He said that in case of Karvy's dispute with lenders, the latter have recourse
to proceed in the court of law and that Sebi not really examine whether Karvy is repaying banks.
On NSE's IPO, Tyagi said Sebi was examining
the orders passed against the members last year
consultation, and consultations with the stakeholders
Sebi said there will be segregation of advisory and distributing activities for investment advisers, at client level to avoid conflict of
interest, adding that an individual investment adviser cannot provide distribution services.
In a press release, the market regulator said
it will introduce upper limit on the fees charged to investors by investment advisers.
Sebi said that there will be enhanced eligibility
criteria for registration as an investment advisor including net worth, qualification and experience requirements.
The existing individual
investment advisers will be grandfathered from complying with the enhanced qualification and experience
There will be a mandatory agreement between an investment advisor and client for key terms and conditions, it said.
