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SEBI orders improved transparency in mutual fund disclosures from December 2024
In a recent regulatory update, the Securities and Exchange Board of India (SEBI) introduced new measures to increase transparency in the mutual fund industry. From December 5, 2024, fund houses will be required to clearly disclose costs and returns for both direct and regular investment fund plans, providing investors with clearer information for decision-making. Furthermore, SEBI has implemented a colour-coded Risk-o-meter to help investors better assess the level of risk associated with different funds. The circular also requires that any changes in risk levels be communicated in a standardized notification format. These initiatives are part of SEBI’s continued commitment to empower investors and promote informed choices within the mutual fund industry.
Afcons Infrastructure debuts with a premium of 3.24% on the issue price
Afcons Infrastructure made a strong debut on the stock market, trading at a premium of 3.24% above the issue price of ₹463 per share. The robust listing reflects investors’ confidence in the company’s growth and development potential. Meanwhile, Sagility India, Swiggy and ACME Solar Holdings have all experienced significant investor interest, with their respective issues oversubscribed by significant margins. Sagility India was oversubscribed 3.20 times, Swiggy 3.59 times and ACME Solar Holdings 2.89 times. These impressive oversubscription rates underline the strong demand for shares in companies across various sectors, including infrastructure, digital services and renewable energy.
Shriram AMC and Zerodha AMC launch new fund offerings
In terms of mutual fund developments, Shriram AMC and Zerodha AMC have each launched New Fund Offers (NFOs) that cater to different investment preferences. Shriram AMC has introduced the Shriram Liquid Growth Direct, designed for investors seeking liquidity and stable returns. At the same time, Zerodha AMC has launched the Zerodha Gold ETF Fund of Funds (FoF) Growth Direct, aimed at those interested in gold investments as part of a balanced portfolio. The NFO period for both funds closes on November 8, 2024, giving investors a limited period to subscribe. Both funds represent the strategic expansion of the respective AMCs into tailor-made investment products, in line with the evolving demands of investors.
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