The Securities and Exchange Board of India (Sebi) is considering allowing domestic mutual funds (MFS) to invest in overseas exchange-traded funds (ETFs) with an Indian exposure. Currently, Indian MFS invest in a variety of global ETFs via the fund-of-fund (FOF) route, but these funds typically invest solely in overseas securities amid ambiguity over whether they can have any Indian presence.
Sebi's proposal, if implemented, would permit FoFs to track popular benchmarks, such as the Emerging Market (EM) index and the JP Morgan Opportunities EM Fund. regarding However, the markets regulator has stipulated that the Indian exposure in these funds must be capped at 20 per cent.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
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Love-all, RAFA
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