10 AMCs line up long-short equity funds

At least 10 Indian and foreign asset managers plan to launch higher-risk, long-short equity funds to wealthier investors after the regulator approved the strategy earlier this year, according to executives at these firms and public filings.

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Under the new rules, which kicked in on April 1, mutual funds can now offer long-short equity funds, where fund managers take both long- and short-positions, under a new category called