Sebi Bans Kotak Mahindra AMC From Floating New FMP Schemes For 6 Months

New Delhi: In the latest ban, market regulator Securities and Exchange Board of India (SEBI) has prohibited Kotak Mahindra Asset Management Company from launching new fixed maturity plan (FMP) schemes for the next six months.The move has come against delay in payment of full proceeds to investors of six FMP schemes run by the AMC,… Continue reading Sebi Bans Kotak Mahindra AMC From Floating New FMP Schemes For 6 Months