Discover how the National Financial Ombud Scheme has transformed the landscape of financial dispute resolution in South Africa during its first year, empowering consumers and ensuring fairness in the financial services sector.

Edelweiss launched a Low Duration Fund, investing in debt and money market instruments with 6-12 months Macaulay duration. The NFO closes on March 18. Managed by Pranavi Kulkarni and Rahul Dedhia.

The Axis Nifty500 Value 50 ETF adopts a value investment strategy, focusing on identifying undervalued stocks with strong fundamentals and long-term growth potential. The ETF also boasts a low-cost structure, making it an efficient investment vehicle for capturing value trends in the market.

Edelweiss Mutual Fund has launched the Edelweiss Low Duration Fund, an open-ended debt scheme that invests in debt and money market instruments with a Macaulay duration of 6 to 12 months. Axis Nifty 50 Index Fund +32.

Since its inception on 1 March last year, the Financial Ombud Scheme dealt with 40 859 cases and refunded consumers an amount of R416.02 million.

Sebi mandates AMCs to deploy NFO funds within 30 business days from April 1, 2025. Investment committees may extend this once, with reasons documented and monitored by trustees. AMCs must specify achievable timelines in scheme documents.

Axis Mutual Fund has launched the Axis Nifty500 Value 50 ETF, an open-ended exchange-traded fund that replicates the Nifty500 Value 50 TRI index. The New Fund Offer (NFO) is available until March 12, 2025, with a minimum investment of only Rs 500.

One year on and the National Financial Ombud Scheme has helped thousands of consumers locked in disputes with companies.

The National Financial Ombud Scheme marked its first anniversary last week, having dealt with 40,859 cases over the past year.

The Securities and Exchange Board of India (SEBI) has mandated asset management companies to deploy funds collected through new fund offers within 30 days from allocation. Effective from April 2025, the rule aims to curb mis-selling and ensure mutual fund schemes adhere to specified timelines for deployment.

Consumers and companies within the financial services sector gained access to a single body that was able to address all complaints and

The investment objective of the scheme is to generate income by primarily investing in low-duration debt and money market securities.