Economic TimesLean R·
Sebi approves new rules to widen investment avenues
Mumbai: The Sebi board on Thursday approved new regulations for portfolio managers, allowing investment in foreign securities, and a revamped settlement framework, while permitting foreign portfolio investors to participate in a wider range of exchange-traded commodity derivatives.Under the new rules, the regulator would be introducing a portfolio manager route for investing in mutual fund units, enabling portfolio managers to invest clients' funds in direct plans of mutual funds, including ETF…
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