- SEBI in aconsultation paper has proposed numerous modifications to the total expense ratio (TER). It seeks to facilitate greater transparency and benefits of economies of scale for Mutual Fund investors.
- The central government has amended the rule under FEMA to bring international credit card usage under RBI's LRS; 20% TCS to be charged w.e.f Jul 1, 2023.
- Shares of Nexus Select Trust REIT got listed at a premium of 3% over issue price of ₹100.
- SBIMF, Baroda BNP Paribas MF and HDFC MF have launched the NFOs for SBI S&P BSE Sensex Index Fund, Baroda BNP Paribas Value Fund and HDFC Defence Growth Fund. The NFOs close on May 24, May 31 and June 2 respectively.
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