BharatPe and its former co-founder Ashneer Grover have settled their legal disputes, with Grover exiting the company and transferring his shares to a family trust and BharatPe’s board. This comes shortly after the arrest of a family member in a fraud case involving Grover and his family. Grover is now focusing on his new ventures, including ZeroPe and CrickPe. BharatPe, led by CEO Nalin Negi, is preparing for an IPO.
SEBI’s governing body will meet on September 30 to discuss key reforms, including strengthening the index derivatives framework to curb speculative trading. This could involve limiting expiries to weekly contracts and raising contract values to deter retail investors.
Other major topics include setting up a performance validation agency for intermediaries, easing compliance norms for foreign portfolio investors (FPIs), and introducing Mutual Fund Lite regulations. The meeting will also address reforms related to insider trading, intermediary violations, and the introduction of a new investment asset class.
SEBI has reduced the lot size for trading privately placed InvITs from ₹1 crore to ₹25 lakhs to boost liquidity and broaden investor participation. This change is part of broader amendments to SEBI’s InvIT and REIT regulations aimed at easing compliance, improving distribution efficiency, and enhancing unitholder engagement through video conferencing and electronic voting. These updates also address data protection and operational resilience.
SEBI plans to enhance transparency in mutual funds by requiring separate disclosures for expenses, returns, and yields of regular and direct plans. This change aims to standardize disclosures and improve investor understanding. SEBI also proposed colour-coded risk-o-meters to visually represent risk levels and mandated communication of any risk changes to unit holders.
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