SEBI restricts early exists of investors in closed ended funds.Yesterday SEBI said that investors have to wait for the maturity period to exit.These fund have to list in stock exchanges for the trading purpose.SEBI also said that these funds have to invest in instruments in line with their maturity profile.
SEBI force to introduce these new norms on the highlights of huge withdrawal from investors by fearing credit problems.The latest norms will applicable to new munds only.
