You own units in a gold exchange traded fund. Somewhere, physical gold sits in a vault backing those units. Between your demat account and that metal sits a chain of entities, and most investors have never thought about a single link in it. The vault manager is one of those
Vault Manager Rules: What Actually Backs Your Gold ETF Units Read More »
A resolution needs 75 percent approval. That sounds unambiguous until you ask the follow up question: 75 percent of what? If it means 75 percent of all units outstanding, every unitholder who does not vote is effectively counted as opposing. If it means 75 percent of votes cast, non participation
REIT Unitholder Voting: How the Proposed Threshold Change Works Read More »
A fund’s category is a promise. It tells you roughly what the fund will own, which lets you build a portfolio out of parts whose behaviour you can anticipate. When categories drift or overlap, that promise weakens, and investors end up holding four funds that turn out to be one.
Mutual Fund Scheme Categories: What the 2026 Restructuring Changes Read More »
Portfolio management services occupy an awkward position in Indian investing. The minimum investment is high enough that most retail investors never encounter one, and low enough that many who do encounter one have not thought carefully about whether they should. The regulations governing that business are being replaced entirely. The
Portfolio Managers Regulations 2026: What Changes for PMS Investors Read More »
A settlement order lands about a company in your portfolio. The headline says the company settled with the regulator. Your immediate question is whether that means guilt, and the honest answer is that it specifically does not, which is the single most misunderstood thing about settlement in Indian markets. The
SEBI Settlement Regulations 2026: Reading a Settlement Order Properly Read More »
A screenshot of a profit and loss statement is the most persuasive and least reliable thing in Indian finance. It can be cropped, selected from a good month, taken from a demo account, or simply fabricated. Yet it converts, because a number feels like evidence in a way that an
PaRRVA Explained: How SEBI Verifies Past Returns of Advisers Read More »
Every category of SEBI registered intermediary had its own advertising rulebook. A broker followed one set, a mutual fund another, an investment adviser a third. The principles underneath were similar, the compliance work was duplicated, and an investor comparing two advertisements had no reason to expect them to meet the
Common Advertisement Code: New Ad Rules for Brokers and Advisers Read More »
India’s largest ever public issue is open for three days, and most people reading about it will never open the one document that matters. The Jio IPO is a Rs 30,213 crore fresh issue from Jio Platforms Limited, and almost everything you need to judge it sits in a red
Jio IPO: Price Band, Dates, Quota Split and How to Read the RHP Read More »
Most people never read the fee clause in an advisory agreement carefully. They read the strategy description, the past performance section if one exists, and the price. The fee mechanics get a glance. That is worth changing, because the advance fee rules have moved. Research analysts and investment advisers are
Advance Fee Rules for Research Analysts: What One Year Collection Means Read More »
India’s derivatives market has a distinctive feature. An unusually large share of retail activity concentrates in contracts expiring within days, often within hours of expiry. That concentration is the single clearest explanation for the loss figures the market has been discussing all year. In FY26, net losses in equity derivatives
Longer Tenor Derivatives: Why SEBI Is Extending Contract Maturities Read More »
