Consultation paper on specifying timelines for deployment of funds collected by Asset Management Companies (AMCs) in New Fund Offer (NFO) as per asset allocation of the scheme

SEBI has issued a Consultation Paper on Specifying Timelines for Deployment of Funds by Asset Management Companies (AMCs) in New Fund Offers (NFOs) proposes a structured timeline for deploying funds collected through NFOs according to each scheme’s asset allocation. The primary aim is to reduce delays in fund deployment and ensure that AMCs align with the asset allocation set out in the Scheme Information Document (SID). This paper, by the Securities and Exchange Board of India (SEBI), is open for public comments to gather perspectives on the proposed framework and improve mutual fund transparency and efficiency.

SEBI mandates stock brokers to provide SMS and email alerts to investors

The draft circular is currently open for public comment, inviting feedback from stakeholders on SEBI’s website until November 18, 2024. SEBI is actively encouraging input from investors, industry experts, and market participants to refine these guidelines and ensure they meet industry standards while maintaining investor protection. Comments can be submitted via SEBI’s online portal, or in case of technical issues, by email to consultationMIRSD@sebi.gov.in, with the subject “Public comments on Draft Circular – SMS and E-mail alert to investors by stock exchanges.”