24
Oct
#SEBI #MutualFunds #InvestorProtection #MarketRegulation #InvestmentRules #IPORegulation #FinancialStability #CapitalMarkets #PreIPOBan #RegulatoryCrackdown #ComplianceAlert #LiquidityRisk #InvestorSafetyFirst #SafeInvesting Mumbai: In a significant move set to reshape investment strategy within the mutual fund industry, the Securities and Exchange Board of India (SEBI) has directed fund houses to cease participating in pre-IPO placements of equity shares and related instruments. The market regulator has explicitly clarified that mutual fund schemes can now only invest in the Anchor Investor portion or the main public issue of an Initial Public Offering (IPO). The directive, communicated to the Association of Mutual Funds in India (AMFI), is rooted in the SEBI…