Jr AMC employees to make minimal investments in MFs: Sebi

Sebi on Monday stated junior employees of asset administration corporations should make investments at the least 20 per cent of their gross salaries in a phased method, ranging from October 2023.
Designated workers can be mandatorily required to speculate 20 per cent from October 1, 2023, Sebi stated in a round. It added models allotted can be topic to clawback within the occasion of gross violation of code of conduct or fraud.