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Thursday, 11 May 2017

Sebi allows investors to buy mutual funds via digital wallet


Markets regulator Security and Exchange board of India (Sebi) allowed investors to buy mutual fund schemes for up to Rs 50,000 through digital wallets, making it easier for them especially the young generation to purchase these instruments.

Besides, MF houses or asset management companies (AMCs) have been allowed to provide instant online access facility to resident individual investors in liquid schemes. The move is part of the efforts to promote digital payments in the MF industry and channelise household savings into the capital market.

Important Takeaways from above News for BOB PO Exam-
  • The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
  • Chairman of SEBI is Ajay Tyagi after replacing of U.K. Sinha
  • Sebi headquarter is in Mumbai.
Source- The Hindu

 If you have any other takeaways, do share with us in the comment section

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