Sebi to strengthen MF norms; winding up of schemes only after majority unitholders' consent

In a move aimed to further safeguard the interest of mutual fund investors, Sebi on Tuesday decided to mandate trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme. As part of amending the mutual fund regulations, the watchdog will make it mandatory for the funds to follow Indian Accounting Standards (Ind AS) from 2023-24 financial year onwards. https://ift.tt/3HiBYJD