SEBI Proposes 30-day Timeline for AMCs to Deploy Funds in New Fund Offer as per Asset Allocation

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By Taxmann
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Last Updated on 5 November, 2024

Consultation Paper; Dated: 30.10.2024

SEBI has released a consultation paper specifying timelines for deploying funds collected by AMCs in the New Fund Offer as per asset allocation of the scheme. The objective is to seek comments/suggestions from the public on proposals related to specifying timelines for the deployment of funds collected by Mutual Funds in New Fund Offers (NFO) as per asset allocation of a scheme. AMCs may be mandated to deploy funds garnered in NFO within 30 business days from the date of allotment of units.

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