/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The new rule that executives need to invest 20% of their pay into their own funds has sparked an uproar. Will the regulator stand its ground?
Editor's note: After years of trying to make mutual fund house executives accountable for the performance of their funds, the Securities and Exchange Board of India finally bit the bullet last week by putting out a circular, which despite being muddled, set the cat among the pigeons. The 28 April circular from SEBI states, among other things, that 20% of the salaries of key mutual fund house executives should be invested in units of the schemes over which they have oversight or are managed by them. As with almost any reform, the industry is unhappy. But if they’re looking for someone to blame, it should be Franklin Templeton India. Clearly the measure is a fallout of the crisis triggered by the asset management company shutting down its suite of six debt mutual fund schemes in April last year, effectively dragging the entire industry into SEBI’s crosshairs. We have tracked the sordid saga in a series of stories on how key officials put their own interest ahead of investors when the schemes were shuttered and how the fund managers doled out preferential treatment …
The new rule that executives need to invest 20% of their pay into their own funds has sparked an uproar. Will the regulator stand its ground?
Editor's note: After years of trying to make mutual fund house executives accountable for the performance of their funds, the Securities and Exchange Board of India finally bit the bullet last week by putting out a circular, which despite being muddled, set the cat among the pigeons. The 28 April circular from SEBI states, among other things, that 20% of the salaries of key mutual fund house executives should be invested in units of the schemes over which they have oversight or are managed by them. As with almost any reform, the industry is unhappy. But if they’re looking for someone to blame, it should be Franklin Templeton India. Clearly the measure is a fallout of the crisis triggered by the asset management company shutting down its suite of six debt mutual fund schemes in April last year, effectively dragging the entire industry into SEBI’s crosshairs. We have tracked the sordid saga in a series of stories on how key officials put their own interest ahead of investors when the schemes were shuttered and how the fund managers doled out preferential treatment …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
