MFs hold the match to GIFT IFSC's listing fire
Business Standard|November 25, 2024
Mkt players aim to stoke flames of direct listing in financial hub
KHUSHBOO TIWARI
MFs hold the match to GIFT IFSC's listing fire

To promote direct listing in Gujarat International Finance Tec-City (GIFT City), several market participants have recommended to the International Financial Services Centres Authority (IFSCA) and the government that domestic mutual funds (MFs) be allowed to invest in companies pursuing this route, sources said.

According to sources, the Association of Mutual Funds in India (Amfi) and the Indian Venture and Alternate Capital Association (IVCA), an industry body representing alternative investment funds, have put forward these suggestions.

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