SEBI eases norms for mutual fund investments

REMOVING HURDLES: SEBI removed the initial issue expenses from close-ended MFs

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Mumbai: The stock market regulator Securities and Exchange Board of India (SEBI) has eased norms for mutual fund investments, making it cheaper.

SEBI removed the initial issue expenses from close-ended MFs and has also cleared draft proposal to list debt securities. Information regarding intermediary that is vital to the investor, too, will be made public.

The National Stock Exchange (NSE), too, is all geared up for the stock lending and borrowing for institutional investors.

Lending and borrowing

• NSE unveils details of lending & borrowing
• To be settled in seven trading days
• Window open between 1000 hrs IST and 1100 hrs IST
• Only in F&O stocks

In a circular issued recently, NSE has stated that to begin with lending and borrowing stocks will be permitted for seven trading days.

Participants can lend and borrow stock between 1000 hrs IST and 1100 hrs IST, and only F&O stocks will be available for this.

Short positions for participants: Rs 50 crore or 10 per cent of market wide limit, whichever is lower

The position limits have been fixed at 10 per cent of the free float of the company.

NSE has also stated that no participant can have short positions of more than 50 crore rupees or 10 per cent of the market-wide limit, whichever is lower.

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