As per the details, the new fund will be an open-ended fund of fund scheme that would invest in units of exchange-traded funds focused on the Nasdaq 100 TRI.
Mirae Asset AMC has allowed lump sum transactions up to a ₹2,00,000 per day, per investor, per scheme in overseas fund of funds.The AMC has now decided to allow existing systematic investment plans, systematic transfer plans, and lump sum transactions, as well, without any limits
Awkward accounting at edtech unicorn Byju’s should be a wake-up call for this ecosystem. Growth cannot be pursued at all cost. Else heavy regulation may begin to choke innovation
In February, Sebi had advised MFs investing in overseas securities to stop further investments in foreign stocks to avoid breach of industry-wide overseas limits