GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

SEBI Relaxes Foreign Fund Rules for Non-Residents

The Securities and Exchange Board of India said it accepted the recommendations by a panel it had set up to review the rules for foreign portfolio investments.

Reuters

Updated:September 21, 2018, 11:37 PM IST
facebookTwittergoogleskypewhatsapp
SEBI Relaxes Foreign Fund Rules for Non-Residents
In this file photo, the logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai. (Reuters)
Loading...
Mumbai: India's market regulator on Friday relaxed norms on foreign investments by Indians based abroad after concerns over stricter regulations rattled markets earlier this month.

The Securities and Exchange Board of India (SEBI) said it accepted the recommendations by a panel it had set up to review the rules for foreign portfolio investments.

Earlier this month, Indian markets fell sharply after a group of fund managers raised fresh concerns over an April circular from the market regulator related to rules on foreign funds ownership by entities of Indian origin, which they said could lead to massive dollar outflows from the economy.

The panel, headed by a former central bank deputy governor, had suggested, among other changes, that non-resident Indians be allowed to invest as foreign portfolio investors if a single holding is under 25 percent and group holding is under 50 percent in a fund.
| Edited by: Padmaja Venkataraman
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
SBI 283.60 2.00
Sun Pharma 520.10 -7.41
HDFC Bank 1,957.75 1.56
Tata Steel 589.10 -0.02
ICICI Bank 366.60 1.58
Company Price Change %Gain
SBI 283.70 2.00
Ambuja Cements 211.15 2.60
Sun Pharma 520.35 -7.36
HUL 1,718.20 2.75
Ashok Leyland 106.60 -10.46
Top Gainers
Company Price Change %Gain
HPCL 243.70 4.68
BPCL 315.95 4.22
UPL 760.25 3.22
Maruti Suzuki 7,369.05 3.06
ONGC 161.00 2.88
Company Price Change %Gain
Maruti Suzuki 7,372.35 3.16
HUL 1,718.20 2.75
Asian Paints 1,319.90 2.73
ONGC 160.75 2.72
SBI 283.70 2.00
Top Losers
Company Price Change %Gain
Sun Pharma 520.10 -7.41
Tech Mahindra 700.25 -3.82
GAIL 352.55 -3.50
HCL Tech 997.10 -3.49
Kotak Mahindra 1,129.90 -3.09
Company Price Change %Gain
Sun Pharma 520.35 -7.36
Kotak Mahindra 1,129.55 -3.04
TCS 1,880.55 -2.85
M&M 770.40 -2.62
Infosys 653.45 -1.84

Live TV

Loading...
Loading...