Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,876.5536.1
Stock Analysis, IPO, Mutual Funds, Bonds & More

SEBI okays graded exit load in liquid funds

SEBI said that the load structure should be reviewed annually by Amfi, in consultation with SEBI.​

ETMarkets.com|
Oct 16, 2019, 10.28 AM IST
0Comments
Reuters
Sebi-
In a letter addressed to Association of Mutual Funds in India (Amfi), SEBI informed that it approved of the proposal on graded exit loads made by the industry body.
The Securities and Exchange Board of India (Sebi) on Tuesday formalised a graded exit load structure on liquid funds.

In a letter addressed to Association of Mutual Funds in India (Amfi), SEBI informed that it approved of the proposal on graded exit loads made by the industry body.

As per the new structure, holding for one day in liquid fund would draw an exit load of 0.007 per cent, two-day will have 0.0065 per cent exit load, followed by 0.006 per cent, 0.0055 per cent, 0.0050 per cent, 0.0045 per cent for the third, fourth, fifth and sixth day respectively with exit load from the seventh day onwards being nil.

SEBI also said that since interest rate scenario can change overtime, the load structure should be reviewed annually by Amfi, in consultation with SEBI.

Also Read

Sebi issues operational guidelines for FPIs

Sebi issues clarifications on PIT Regulations

Indiabulls Housing to consult SEBI for buybacks

RIL begins arguments against Sebi order in SAT

Sebi tightens disclosure norms for muni bonds

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service