Thu, Dec 05, 2024
Sebi found that MFL has negligible fixed assets on its books and negative cash flow from its operating activity and a very low inventory as compared to its sizeable sale figures during the investigation period and were prima facie found to be fictitious involving circular flow of funds.
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Tue, Nov 05, 2024
Markets regulator Sebi on Tuesday introduced separate disclosure requirements for expenses, half-yearly returns, and annualised yields in both direct and regular mutual fund (MF) plans, along with a colour-coded system for the existing risk-o-meter.
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