Question
SEBI has introduced timelines for the deployment of funds raised through New Fund Offers (NFOs). What is the prescribed time limit for fund managers to allocate funds as per the scheme’s asset allocation?
Solution
SEBI has mandated that fund managers must deploy funds raised through New Fund Offers (NFOs) within 30 days, ensuring that the funds are allocated according to the scheme’s asset allocation. This move aims to ensure better fund management and increased investor trust.
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