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SEBI allowed the listing of mutual fund schemes

Published

4 years ago

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“The units of Mutual Fund schemes can be listed in the recognised stock exchange. Accordingly, the units of Mutual Fund schemes which are in the process of winding up in terms of Regulation 39(2)(a) of MF Regulations, shall be listed on recognised stock exchange, subject to compliance with listing formalities as stipulated by the stock exchange,” it said.

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However, the Securities and Exchange Board of India (SEBI) said that pursuant to listing, trading on stock exchange mechanism will not be mandatory for investors, and rather, if they so desire, they may avail an optional channel to exit provided to them.

Initially, trading in units of such a listed scheme that is under the process of winding up, shall be in dematerialised form. Asset management companies shall enable transfer of such units which are held in form of Statement of Account (SoA) or unit certificates.

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The stock exchange shall develop a mechanism along with registrar and transfer agent (RTA) for trading and settlement of such units held in the form of SoA or unit certificate.

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The AMC, its sponsor, employees of AMC and trustees shall not be permitted to transact – buy or sell – in the units of such schemes that are under the process of being wound up. The compliance of the same shall be monitored both by the Board of AMC and Trustees.

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The circular shall come into force with immediate effect and stock exchanges desirous of offering this facility, will have to submit the detailed operational modalities to SEBI, within next seven days.

Beautiful couple Yash Sinha, Amrapali Gupta shoot at home amid lockdown

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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