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Sebi allows AMCs to invest in overseas mutual funds, unit trusts
November 05, 2024
|The New Indian Express
DOMESTIC asset management companies' (AMCs) can now invest in overseas mutual funds and unit trusts (UTs) that have exposure to domestic securities if such exposure is not more than 25% of their total assets.
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In a circular issued Monday, the Securities and Exchange Board (Sebi) said to be eligible to invest, the target overseas MFs/UTs must be managed by an independent investment manager/fund manager who is actively involved in making all investment decisions for the fund.
The circular further said to be eligible for investment by domestic funds, the target overseas funds should meet the following conditions.
هذه القصة من طبعة November 05, 2024 من The New Indian Express.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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