Verdict on mutual funds likely today

FE Team | Published: November 04, 2009 00:00:00 | Updated: February 01, 2018 00:00:00

The verdict of the writ petition related to mutual funds is likely to be delivered today. However, if any clarification is needed by the court, the verdict will be delayed by a day, according to lawyers. Investors filed the writ petition after the SEC, a year ago, made changes to the mutual fund rules restricting fund managers from issuing right or bonus shares. — FE Report