Short-term, liquid funds see good inflows
Mumbai: At a time when equities continue to be fraught with volatility due to a slew of negatives on the domestic bourses,
beginning with the crash of IT stocks, short-term and liquid funds have witnessed net inflows of about Rs 400 crore in the last three
trading sessions in the week-ended April 25, 2003. Fund managers opine that there is abundant liquidity in the bond markets at present, as investors are parking their money in short-term and liquid funds to avoid risks, just in case there is no rate cut announced in the forthcoming Credit Policy.
Back to News Review index page  

SEBI scraps age limit for listing authority post
New Delhi: The Securities and Exchange Board of India has now done away with its existing regulatory norm that barred the President or a member of the Central Listing Authority (CLA) from holding office after the attainment of the age of 65 years.
The capital markets regulator had recently constituted a CLA to bring about uniformity in the due-diligence process in scrutinising listing applications across the stock exchanges of the country. Justice M.N. Venkatachelliah, former Chief Justice of India, is now the President of the CLA, which also has nine other members.
Back to News Review index page