6. Bank sponsored mutual funds cannot invest in finance companies. 7. The investment objectives and policies of the mutual fund should be laid down in the trust deed and every scheme to be launched by the fund must be in accordance with such broad objectives and policies. 8. The subscription amounts collected by mutual funds are primarily intended to be channelized into the capital market instruments like government and other trustee securities, shares/debentures of public limited companies, bonds of public sector undertakings, etc. 9. The total amount invested by a fund from any of its schemes in the shares, debentures, etc., of any specific industry should not exceed 15 percent of a scheme‟s fund. 10. The total cost of managing any scheme under a fund including management fees and other administrative costs should be kept within 5 percent of the total income of the scheme.
6.5.3 Guidelines by SEBI
1. Mutual funds shall be a...
... middle of paper ...
...icts of interest that may arise from transitions by the affiliated persons or companies.
26. Every mutual fund shall have to copy with a common advertising code laid down by the SEBI. The fund is expected to submit to the SEBI the texts of the marketing literature and advertisements issued to the investors.
Mutual funds shall have to disclose in their marketing and publicity brochures for each scheme, the investment objectives, the method and periodicity of valuation of investment, the exact method and periodicity of sales and purchases and other details considered by SEBI to be essential for investors.
27. SEBI can, after due investigation, impose penalties on mutual funds for violating the guidelines as may be necessary. However, for cases of penalties of suspension or deauthorisation of mutual fund entities, prior concurrence of the RBI and the government
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Because central venous catheters (CVCs), which are catheters inserted through a major vein with the tip resting near the heart, serve many purposes such as medication administration, parenteral nutrition, fluid therapy and central venous pressure measurement, their use has become increasingly common in the intensive care unit (ICU) (Polderman & Girbes, 2002). However, CVC use is associated with an increased risk for hospital-acquired infections (McLaws, Gold, King, Irwig, & Berry, 1988), with those in situ for more than six days contributing to increased infection rates compared to those in place for five days or less (McLaws & Taylor, 2003).... [tags: Clinical Practice Guidelines]
2788 words (8 pages)
- 1. Why is major policy reform so difficult. (Discuss in relation to two policy examples). OECD defines policy reform as ’ A process in which change are made to the formal “rule of the game”- including laws, regulations and institutions - to address a problem or achieve a goal such economic growth, environmental protection or poverty alleviation”. The definition gives a glimpse of the sheer magnitude and depth of policy reform. It is therefore, not surprising that major policy reform is a difficult task.... [tags: Policy, Political science, European Union]
1089 words (3.1 pages)
- Financial liability associated with illness is a huge burden which can result in lack in proper medical care. Only half of old age people had health insurance. The U.S. Federal government initiated a social Insurance Program, one of its most significant success stories called MEDICARE to meet its objectives of providing affordable healthcare. Its objectives included ( i) to create awareness about the financial risk associated with illness throughout the society , (ii) guarantee Americans aged 65 and above and younger people with disabilities proper medical access to health insurance initially, (iii) issue a MEDICARE HEALTH INSURANCE CARD to the benefiter to help them avail i... [tags: health insurance, policy, federal government]
1021 words (2.9 pages)
- (A) Theories on policy process, policy change and drivers Policy is a set of guidelines for decision making and achieving rational outcomes. According to Anderson (1975) policy is a purposive course of action followed by an actor or set of actors. Policy can be adopted by any organization or the government and thus be private or public. Public policy is what governments choose to do or not to do (Adie, R. F., & Thomas, P. G. (1982) and is visible to public (Jones, H. (2009). A.1: Policy process and formulation A.1.1: Policy process models: In the political science arena, there is an ongoing debate that, whether policy-making is a linear, rational process or a chaotic procedure dominated by... [tags: Policy, Public policy, Implementation]
2164 words (6.2 pages)
- Central Line Clinical Practice Guideline & Rational Central venous catheters (CVCs) are frequently used in intensive care units (ICUs) for a number of reasons (measure central venous pressure, when peripheral veins are unable to be accessed, administration of medications/therapies and aspiration of blood samples) (Conroy, 2006, p. 98). Patients in this environment already have an increased risk of infection because of their treatments. Patient treatments commonly involve invasive devices or interventions (major surgery), antibiotic therapy (raises the risk of bacterial resistance) while steroid, chemotherapy and radiation therapy all suppress the immune system (Hatler, Hebden, Kaler, & Zack,... [tags: Clinical Practice Guidelines]
2337 words (6.7 pages)
- The following first class mail guideslines were designed to reach these goals. Guidelines for handling other classes of mail and using special services begin on p.28. A postal rate chart apears in Appendix D (blue pages). 1. Key envolope addresses in block style, using uppercase letters and omitting punctuation (except for hyphens). 2. Place the address block about four inches from the left edge and two inches from the top edge of a No.10 envelope, or use the default setting of the Evelope feature on the word processing software.... [tags: first class, mail, guidelines,]
565 words (1.6 pages)
- Individuals are also able to have an impact on environmental policy single handedly. The prime example of such successful (or at least attention-getting, if not completely revolutionary) actions is those of Diane Wilson, an environmental activist from Texas. Her unconventional ways included pouring syrup on her head during a congressional hearing as well as sinking her boat in the gulf to attract attention for the irresponsible waste disposal by Formosa Plastics (Rinfret, Pautz, 105-106). Wilson’s actions attracted the attention of other fisherman involved in the area who quickly became involved and, in conjunction with the actions of the Coast Guard, Formosa began to clean up after themselv... [tags: Policy, Government, Public policy]
1710 words (4.9 pages)
- The criminal justice system has been in place the United States for centuries. The system has endured many changes throughout the ages. The need for a checks and balances system has been a priority for just as long. Federal sentencing guidelines were created to help create equal punishments among offenders. Judges are given the power of sentencing and they are not immune to opinions, bias, and feelings. These guidelines are set in place to allow the judge to keep their power but keep them within a control group of equality.... [tags: difference between state and federal guidelines]
3268 words (9.3 pages)
- My major is Health Science (Health Policy) and with this major, it is so broad that I believe I can do many things with it. I believe this major focuses on administration jobs whether it is at hospital, clinical, or school settings. By writing this legislation and acknowledging these steps of implementing, it will help with my future job such as administrating in a school setting in terms of providing healthier food and beverages and/or physical activity. My other option would to work in hospital setting under pediatric or my route could be completely different and work with adults and create or implement a policy that promote health and wellness.... [tags: Nutrition, Obesity, Health, Medicine]
2080 words (5.9 pages)
- Policies David 2011 defines policy as “specific guidelines, methods, procedures, rules, forms, and administrative practices established to support and encourage work toward stated goals’. Policies are directives designed to guide the thinking decisions and actions of managers and their subordinates in implementing a firm’s strategy. They increase managerial effectiveness by regulating many routine decisions and clarifying the discretion managers and subordinates can exercise in implementing functional tactics (John et.al, 2008).... [tags: Strategic management, Organization]
1725 words (4.9 pages)