Mutual Funds: New KYC norms for investors take effect from 2024-25 livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
How Modi govt s outreach to Indian diaspora created a sense pride among them organiser.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from organiser.org Daily Mail and Mail on Sunday newspapers.
Mutual fund KYC rules for NRI: The Securities and Exchange Board of India (Sebi) has implemented new Know-Your-Customer (KYC) rules from April 1, 2024. The new KYC rules are not only created problems for domestic mutual fund investors but also for Non-resident individuals as well. Here are three issues creating problems from NRI and OCI mutual fund investors.
Sebi approves increased FPI participation from NRIs and OCIs via IFSCs, simplifies mutual funds passive schemes. Measures to deter front-running by asset management companies. Issuers can now offer NCDs and NCRPS at reduced face value.
The number of Indians seeking opportunities in abroad have marked a dip in 2023. According to a recent study, the number of Indians who are willing to work abroad have declined from 78 per cent in 2020 to 54 per cent in 2023.