The order issued on 27 August 2021 against Kotak AMC dates back to 2019, when the fund house did not pay investors of six fixed maturity plans (FMPs) their full proceeds based on the declared Net Asset Value (NAV) of the said schemes as on their respective maturity dates.
from The Financial Express https://ift.tt/3BjWcjk
Saturday, 28 August 2021
Why SEBI barred Kotak from launching new FMPs: A look back at 2019; maturity delayed but investors repaid
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