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of <h1>SEBI Requires Sponsors or Asset Managers to Invest 1% or Rs. 50 Lakh in New Fund Offers to Protect Investors.</h1> The Securities and Exchange Board of India (SEBI) mandates that sponsors or asset management companies must invest at least one percent of the amount raised in a new fund offer or fifty lakh rupees, whichever is lower, in the scheme's growth option. If a growth option is unavailable, the investment should be made in the dividend reinvestment option, and if that is also unavailable, in the dividend option. This requirement is effective immediately and aims to protect investor interests and regulate the securities market under the SEBI Act, 1992, and relevant regulations.
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