In addition, the regulator has come out with framework for uniformity in applicability of net asset value (NAV) across various schemes on realisation of funds
During the quarter under review, Rs 1.1 lakh crore came from debt funds, Rs 20,930 crore from arbitrage funds and Rs 11,730 crore from equity-oriented schemes
No fresh investments in these schemes will be allowed by instalments falling due under SIPs, CSIP or STPs registered before May 22 will be processed as usual
Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market
The advisory committee is mandated to advise Sebi on issues related to regulation and development of mutual fund industry
The investors who were part of the suspended schemes at the time of sidepocketing will get their dues as and when recoveries are made in the segregated portfolio
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