Sebi seeks dividend compliance report from MFs
Monday, 14 June 2010
NEW DELHI, June 13 (PTI): Market regulator Securities and Exchange Board of India (Sebi) has asked mutual fund (MF) houses to submit reports, pertaining to compliance with a recent rule that dividends be paid only from realised gains and not premium income, by June 17.
"SEBI has directed mutual funds to pay dividends only from realised gains and asked them to submit a compliance report on the same by June 17," sources in the fund houses said.
Fund houses, which used to dole out handsome dividends to attract new investors, are now concerned that the move will lessen investors' interest in MFs.
"SEBI has directed mutual funds to pay dividends only from realised gains and asked them to submit a compliance report on the same by June 17," sources in the fund houses said.
Fund houses, which used to dole out handsome dividends to attract new investors, are now concerned that the move will lessen investors' interest in MFs.