Top News
1. SEBI in a circular has clarified, existing mandates used for mutual transactions can continue to remain in the name of OTM holders. Additionally, Two-Factor Authentication via an OTP on unitholder’s email/phone shall be used for redemption orders.
2. India’s direct tax collections surged by 48% to ₹13.63 lakh crore till March 15 compared to ₹9.24 lakh crore for F.Y. 20-21.
3. The US Federal Reserve raised the interest rates by 25 basis points to a target range of 0.25% to 0.5%, the first increase since 2018.
4. HSBC AMC has launched the NFO for HSBC Crisil Ibx 50:50 Gilt Plus SDL Apr 2028 Index Fund. The NFO closes on March 28.
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