Latest news with #MFOS
New Straits Times
19-07-2025
- Automotive
- New Straits Times
Malaysia Festival of Speed returns to Sepang
KUALA LUMPUR: The second Malaysia Festival of Speed (MFOS) will be held at the Sepang International Circuit (SIC) from Aug 15-17. The festival, aimed at offering a more exhilarating and inclusive experience for motorsport fans and participants alike, will feature eight categories: karting sprint, karting slalom, rally, gymkhana (car), gymkhana (motor), e-sports, pocket bike and a push bike (demo). Motorsports Association of Malaysia president Tan Sri Mokhzani Mahathir said the overwhelming response to last year's edition had spurred efforts to further enhance the event, with a sharper focus on developing local talent and expanding grassroots participation. "We are excited to bring back the MFOS for its second year. The overwhelming response from the motorsport community, families and fans has motivated us to make this year's edition more impactful," said Mokhzani at a MFOS press conference on Friday. He added that the festival serves not only as a competitive platform, but also as a talent identification ground, with category winners set to represent Malaysia at an Asian-level event in Sri Lanka in September.
The Sun
18-07-2025
- Automotive
- The Sun
Local MFOS winners may compete in APMC 2025 in Sri Lanka
LOCAL racers who win specific categories at the upcoming Malaysia Festival of Speed (MFOS) may get the chance to represent Malaysia at the Asia Pacific Motorsport Championship (APMC) in Sri Lanka this September. The event will take place at the Sepang International Circuit (SIC) from August 15 to 17. Motorsports Association of Malaysia (MAM) president Tan Sri Mokhzani Mahathir revealed that the second edition of MFOS could introduce this initiative to further develop grassroots motorsports. 'What we want to see is more racers participating in the various racing disciplines, and increased competition within each category in the future,' he said during a press conference. Mokhzani emphasized the importance of nurturing local talent to compete internationally. 'That is most important to me — we want to develop a talent pool in Malaysia that can compete with international drivers and ensure they can race anywhere.' The disciplines under consideration include karting, sprint, karting slalom, rally, car gymkhana, and e-sports. MAM is also working to strengthen Malaysia's motorsports ecosystem, with long-term plans to establish MFOS as an annual regional event. - Bernama
Barnama
18-07-2025
- Automotive
- Barnama
MAM Mulls Sending Local MFOS Winners To APMC 2025
KUALA LUMPUR, July 18 (Bernama) -- Local racers who win certain disciplines at the Malaysia Festival of Speed (MFOS) at the Sepang International Circuit (SIC) from Aug 15 to 17 may be selected to represent the country at the Asia Pacific Motorsport Championship (APMC) in Sri Lanka this September. Motorsports Association of Malaysia (MAM) president Tan Sri Mokhzani Mahathir said that the second edition of MFOS might introduce this step as part of efforts to further expand motorsports development at the grassroots level. 'What we want to see is more racers participating in the various racing disciplines, and increased competition within each category in the future.
Mint
26-04-2025
- Business
- Mint
Stock market this week: Top gainers and losers – market movers you need to know
1/ SEBI's circular dated December 12, 2023, requires Stock Brokers (SBs) and Clearing Members (CMs) to upstream clients' funds to Clearing Corporations (CCs) at the end of each business day. This can be done in the form of cash, lien on Fixed Deposit Receipts, or by pledging units of Mutual Fund Overnight Schemes (MFOS). To facilitate this, a change in cut-off timings for determining applicable NAVs for repurchase of units in overnight schemes has been proposed. Effective from June 1, 2025, the new cut-off timings are as follows: applications received up to 3 PM will use the closing NAV of the day preceding the next business day, and those received after 3 PM will use the closing NAV of the next business day. For online applications, the cut-off time is 7 PM. These changes are intended to ensure efficient processing and safeguarding of clients' funds. 2/ The Securities and Exchange Board of India (SEBI) has extended the automated implementation of the trading window closure to immediate relatives of Designated Persons (DPs) in listed companies. This applies during the period from the end of every quarter until 48 hours after the declaration of financial results. The framework aims to ensure compliance with PIT Regulations by freezing the PAN of DPs at the security level, with phase-wise implementation starting July 1, 2025, for the top 500 companies, and October 1, 2025, for others. This approach strengthens market surveillance and investor protection. This initiative will help streamline compliance and enhance transparency, fostering a more secure trading environment. 3/ Nippon AMC, SBI AMC, Bajaj AMC, Groww AMC, Motilal AMC, and Edelweiss AMC have launched multiple new fund offerings (NFOs), providing investors with diverse investment options. These include the Nippon India Nifty 500 Quality 50 Index Growth Direct Plan and Nippon India Nifty 500 Low Volatility 50 Index Growth Direct Plan, which focus on different Nifty 500 indices to cater to varying risk appetites. SBI AMC introduced the SBI Income Plus Arbitrage Active FoF Growth Direct Plan, aiming to provide a balanced approach to investment. Bajaj Finserv offers the Nifty Next 50 Index and Nifty 50 Index Growth Direct Plans for investors seeking exposure to broader market indices. Groww AMC introduced the Gilt Growth Direct Plan, focusing on government securities, while Motilal Oswal launched the Infrastructure Growth Direct Plan, targeting infrastructure sector growth. Edelweiss also unveiled the BSE Internet Economy Index Growth Direct Plan, catering to investors interested in the digital and internet economy sectors. These NFOs offer investors an opportunity to diversify and target different segments of the market. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera. First Published: 26 Apr 2025, 11:42 AM IST
India Today
25-04-2025
- Business
- India Today
Sebi revises cut-off timings for overnight mutual fund redemptions. Details here
Starting June 1, the Securities and Exchange Board of India (Sebi) has introduced new cut-off timings for calculating the net asset value (NAV) on repurchase of units in overnight fund schemes. This move is part of Sebi's efforts to improve how client money is managed in these CHANGED?From June onwards, Asset Management Companies (AMCs) will follow new cut-off timings for overnight and liquid fund a redemption request is submitted before 3 PM, the applicable NAV will be that of the day before the next business day. On the other hand, requests made after 3 PM will get the NAV of the next business day. However, in the case of online redemption requests specifically for overnight fund schemes, a later cut-off time of 7 PM will be its circular dated April 22, 2025, Sebi stated, 'The following cut-off timings shall be observed by AMCs with respect to repurchase of units in liquid fund and overnight fund schemes and plans and the following NAVs shall be applied for such repurchase. a. Where the application is received up to 3.00 pm – the closing NAV of the day immediately preceding the next business day; and b. Where the application is received after 3.00 pm –the closing NAV of the next business day.'advertisement'Provided that in case application is received through online mode, the cut-off timing of 7 PM shall be applicable for overnight fund schemes,' mentioned the circular."The provisions of this circular shall come into force from June 01, 2025," the circular BEHIND THE CHANGESebi's aim is to make sure stock brokers (SBs) and clearing members (CMs) use client funds wisely by investing in secure overnight mutual fund schemes (MFOS). These funds only invest in risk-free government securities and mature in just one day, which helps protect the value of client to Sebi, MFOS units must always be in demat form and pledged with a clearing corporation at all times. This setup ensures the money stays safe and is easily redeemable when InTrending Reel
