Wednesday, May 28, 2014

SEBI finds large-scale violations of norms in some MF schemes

........SEBI found that many schemes have been repeatedly breaching these norms, especially during the course of a quarter. Some investors put large amount of money in a scheme and withdraw the same at a later stage to meet quarter-end norms, while many schemes were non-compliant on full quarter basis as well. ..........

Read - Deccan Chronicle

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