The Securities and Exchange Board of India (Sebi) on Thursday revised the overseas investment limits for mutual funds (MFs). The market regulator in a circular stated that MFs can make overseas investments subject to a maximum of $1 billion per mutual fund, within the overall industry limit of $7 billion. MFs had made representation to the regulator to increase the investments limits. In November last year, Sebi had enhanced the overseas investment from $300 million per mutual fund to $600 million per mutual fund. Industry participants say that this announcement was the need of the hour as several of the MF schemes which were international focused were attracting huge inflows. Sebi in its circular stated that, “MFs can make investments in overseas Exchange Traded Fund (ETFs) subject to a maximum of $ 300 million per mutual fund, within the overall industry limit of US $ 1 billion.” Earlier the limit was $200 million per mutual fund.
Read more about Sebi gives foreign investors more time to furnish contact, income details on Business Standard. The regulator is also meeting custodians this week to thrash out a solution and address investors concerns
Sebi Mandate On Key AMC Salary Not A Day Too Soon: Skin In The Game Necessary To Rein In Callousness
by S Murlidharan - May 3, 2021 12:30 AM
SEBI. (pic via Twitter)
Snapshot
A new Sebi rule makes it compulsory for top officials of asset management firms to invest 20 percent of their salaries in the schemes managed by themselves.
The Securities and Exchanges Board of Indiaâs (Sebi) mandate to Asset Management Companies (AMC) to start paying at least 20 per cent of the salary of their key personnel, including the fund manager actively managing a scheme, in the form of units of the schemes they are managing, hasnât come a day too soon.
Market regulator Securities and Exchange Board of India (SEBI) did not immediately respond to Reuters request for a comment on the NSE trading halt., , market regulator, Securities and Exchange Board of India (SEBI), stock exchange BSE
Lodha Developers files draft papers with SEBI for Rs 2,500-crore IPO
With a dilution of 10% stake, Lodha Developers plans to raise around Rs 2,500 crore through listing of its shares on the stock exchanges in next few months
BusinessToday.In | February 17, 2021 | Updated 16:34 IST
Founded in 1995, Lodha Group is one of India s largest real estate players by sales bookings
Mumbai-based realtor Macrotech Developers Ltd, or Lodha Developers, has filed draft papers with the capital market regulator, Securities and Exchange Board of India (SEBI) to raise Rs 2,500 crore via an initial public offering (IPO).
With a dilution of 10% stake, Lodha Developers plans to raise around Rs 2,500 crore through listing of its shares on the stock exchanges in next few months.