Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Updates: Liquid Schemes to Focus on Short-Term Investments; 'Liquid Plus' Term Discontinued by May 2009.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) addresses modifications to the guidelines for 'Liquid Schemes' and the discontinuation of the term 'Liquid Plus' schemes. Effective February 1, 2009, liquid schemes must invest in debt and money market securities with maturities up to 182 days, reducing to 91 days by May 1, 2009. These changes must be reflected in offer documents, and any deviations will be considered violations. Additionally, the term 'Liquid Plus Scheme' is to be discontinued, and mutual funds must confirm compliance with SEBI within 30 days.