SEBI directs MFs to deploy NFO fund within 30 days of allotment

PTI

New Delhi, Updated At : 03:16 AM Feb 28, 2025 IST

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Markets regulator SEBI on Thursday made it mandatory for asset management companies to deploy money collected from investors through new fund offers (NFOs) within 30 days from the date of allotment of units.

At present, there is no time limit for deployment of funds.

The measure, to be implemented from April 1, is aimed at encouraging Asset Management Companies (AMCs) to collect only as much funds in NFOs as can be deployed in a reasonable period of time and to discourage any mis-selling of NFOs of the mutual fund schemes.

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