Debt schemes News
Manipulation of NAV norms in debt schemes miffs Sebi
The Securities and Exchange Board of India (Sebi) has expressed displeasure over some investors getting the same day’s net asset value (NAV) by splitting their purchases in income or debt schemes to ensure the Rs 1-crore limit is not crossed.
On purchase of units in income or debt-oriented schemes, other than liquid schemes, with an amount equal to or more than Rs 1 crore, irrespective of the
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