Sebi directs HDFC MF to pay Rs 3.79 crore to settle violations

HDFC Mutual Fund has settled a case of violations with Securities and Exchange Board of India.The violations included maturity of a security purchased by a scheme exceeding the maturity of the scheme; difference in TER for direct and regular plans being lower than the commission paid to the distributors in certain schemes; NAVs of certain schemes not being published on HDFC Mutual Fund website for a certain period of time; and error in valuation of unlisted equity shares of a company.The allegations were based on a probe on the schemes for the period April 2014 to March 2016. HDFC Mutual has settled the case by paying a fine of Rs3.790000000 to the capital market has regulator