6 articles
The Yes Bank AT1 bonds mis-selling case highlighted severe breaches of investor suitability norms, leading to SEBI imposing significant penalties of over Rs 25 crore in March 2021. This analysis dissects the regulatory framework designed to prevent such mis-selling in India's financial markets.
Filing a SEBI complaint against mutual fund fraud or mis-selling in India follows a structured grievance redressal mechanism, commencing with the AMC and escalating to the SEBI SCORES platform. This process, governed by SEBI circulars like SEBI/HO/IMD/DF2/CIR/P/2019/14, aims for resolution within 30 working days.
Mutual fund churning by distributors, driven by commission incentives, significantly erodes investor returns through excessive TER and exit loads. Learn to detect this unethical practice by scrutinising transaction patterns and regulatory disclosures.
The Franklin Templeton mutual fund winding-up case in India, involving six debt schemes worth over Rs 26,000 crore in 2020, highlighted critical aspects of credit risk and regulatory oversight. This analysis examines the mechanics of fund closure and investor recovery.
The Yes Bank AT1 bonds mis-selling case exposed significant gaps in investor suitability assessments, leading to substantial losses for retail investors. SEBI's subsequent circular SEBI/HO/IMD/DF2/CIR/P/2021/0530 highlighted the need for stricter regulations on high-risk debt instruments.
Mutual fund mis-selling in India, as defined by SEBI circular CIR/IMD/DF/21/2012, involves deceptive practices by intermediaries, leading to unsuitable investments for clients. Regulatory frameworks aim to protect investors from such misconduct by enforcing suitability and transparency norms.