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SEBI ups overseas investment limits for individual mutual funds to $1b SECTIONS Last Updated: Jun 03, 2021, 08:49 PM IST Share Synopsis The capital market regulator said that individual mutual funds can now make up to $1 billion in overseas investments within the overall industry limit of $7 billion. SEBI said the changes will come into force with immediate effect. Related MUMBAI: The Securities and Exchange Board of India on Thursday relaxed certain investment limits for mutual funds that make overseas investments after consultation with the industry. The capital market regulator said that individual mutual funds can now make up to $1 billion in overseas investments within the overall industry limit of $7 billion. ....
MF industry adds 81 lakh investors in FY21, experts hope for growth in FY22 MF industry adds 81 lakh investors in FY21, experts hope for growth in FY22 Investors are increasingly acknowledging the importance of making investments in mutual funds for meeting financial goals both long term and short term. advertisement UPDATED: April 26, 2021 18:24 IST The mutual fund space saw an addition of 1.13 crore investors account in 2018-19, 1.6 crore accounts in 2017-18, over 67 lakh folios in 2016-17 and 59 lakh in 2015-16. (Photo: Reuters/Representational image) The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore, and experts hope that the healthy growth in folios would continue in the ongoing fiscal also. ....
India needs activist investors to monitor local cos, protect investor interests: Sebi SECTIONS Last Updated: Apr 06, 2021, 04:07 PM IST Share Synopsis The regulator last month made it mandatory for mutual funds to vote in all resolutions of their investee companies from April 2022. Institutional investors have “stewardship responsibilities” which involve credibly monitoring companies they have invested in, according to the Sebi chairman. Related By Ronojoy Mazumdar The head of India’s markets regulator urged institutional investors such as mutual funds to be more activist in their dealings with companies they have invested in to protect the interests of minority shareholders. “Institutional investors can and should act as a counterforce to any unwanted decision being pushed in the board, which may not be in the interest of all stakeholders,” Ajay Tyagi, chairman of the Securities and Exchange Board of India, said Tuesday in an onli ....