The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projection

SEBI issued a circular on Two-factor Authentication (2FA) for Mutual Fund Redemption in March 2022. Users will authenticate themselves using two separate authentication factors in a two-step security procedure known as two-factor authentication, according to the new rule (2FA). Authentication factors can include a username, password, security questions, an OTP, a fingerprint, or a face ID.

Existing MF investors who have invested in mutual funds before November 1 by using Aadhaar as KYC document will have to revalidate their KYC by April 30, 2023.

At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove

Financial services company Bajaj Finserv on Wednesday announced that the capital market regulator Securities and Exchange Board of India (SEBI) has given a license to the company for starting its mutual fund business.

SEBI has urged fund companies to make sure that investors should complete mutual fund transactions using KYC-compliant e-wallets. This will take effect on May 1, 2023. “It should be ensured that all e-wallets are fully compliant with KYC norms as prescribed by Reserve Bank of India," SEBI said in a circular. In 2017, SEBI authorized fund houses to receive up to Rs.50,000 per fund house every fiscal year using e-wallet. After making KYC mandatory for maintaining e-wallets in mutual funds from 1st

Existing mutual fund investors have time till 30 September to nominate a beneficiary or opt out of it, failing which their folios will be frozen, and they will not be able to redeem investment

SEBI is exploring other measures for introduction of a more effective B-30 incentive mechanism by taking into account just inflows from "first time" retail investors tracked at industry level on the basis of PAN/PEKRN.

Mutual funds have been urged by SEBI to stop using deceptive visuals in their presentations, brochures, and other materials. According to the market regulator, the graphics used in the commercials, presentations, booklets, and pamphlets could mislead investors into thinking they will earn set returns on their investments.

The Association of Mutual Funds in India (AMFI) has asked all fund houses to suspend flows into schemes that invest in foreign securities beginning Feb 2 following a nudge from the Securities and Exchange Board of India (SEBI). This comes as the industry is on the verge of breaching existing overseas investment limits.

Sebi has allowed brokers to extend the margin trading facility (MTF) to equity exchange traded funds (ETFs) and such funds can be used as collateral as well. Only a few stocks that fall under the category of Group 1 securities are now offered the MTF option by brokers. According to Sebi, the clientNulls initial margin payment to the stock broker should be made in cash, cash equivalents, or equity ETFs.

According to AMFI, equity mutual funds attracted Rs. 15,685 crore in Feb 2023 despite significant volatility in the stock markets. This is higher than Rs. 12,546 crore inflow seen in Jan 2023 and Rs 7,303 crore reported in Dec 2022. The Assets Under Management (AUM) was marginally down to Rs. 39.46 lakh crore in Feb 2023 from Rs 39.62 lakh crore in feb 2023.