Sebi allows AMCs to invest in overseas mutual funds, unit trusts
The New Indian Express|November 05, 2024
DOMESTIC asset management companies' (AMCs) can now invest in overseas mutual funds and unit trusts (UTs) that have exposure to domestic securities if such exposure is not more than 25% of their total assets.

In a circular issued Monday, the Securities and Exchange Board (Sebi) said to be eligible to invest, the target overseas MFs/UTs must be managed by an independent investment manager/fund manager who is actively involved in making all investment decisions for the fund.

The circular further said to be eligible for investment by domestic funds, the target overseas funds should meet the following conditions.

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The New Indian Express

Stories soaked in wisdom

The art of storytelling has played an important role in preserving India's cultural history. We take a look at one vertical, Harikatha, and how one can appreciate the content.

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The New Indian Express

Live-action Moana wraps filming

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1 min  |
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A Pallava era Siva temple with rare images
The New Indian Express

A Pallava era Siva temple with rare images

INAR, originally called Thirukannar and Nethrapuram, is a small village near Madhurantakam which has an ancient temple for Siva worshipped as Nethrapurishwarar.

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2 mins  |
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The New Indian Express

Idris Elba to star in Masters of the Universe

Idris Elba is in talks to join the cast of the upcoming live-action Masters of the Universe film.

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1 min  |
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Chess masters shine at tourney
The New Indian Express

Chess masters shine at tourney

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1 min  |
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The New Indian Express

Bringing pages to stage

The library corner at the American Centre, US Consulate General Chennai, was abuzz with energy, a kaleidoscope of colours as women, draped in saris, filled the room.

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2 mins  |
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Jest being jolly
The New Indian Express

Jest being jolly

The sound of laughter reverberated through Sir Mutha Venkatasubba Rao Concert Hall, Chetpet, over the weekend, for the International Clown Festival was in town.

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1 min  |
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IN REMEMBRANCE OF A GREAT MIND
The New Indian Express

IN REMEMBRANCE OF A GREAT MIND

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2 mins  |
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Set for board exam: Gukesh plotting to lift India to pinnacle of chess world
The New Indian Express

Set for board exam: Gukesh plotting to lift India to pinnacle of chess world

Viswanathan Anand, the owner of five world titles, tried for one final time. But the young world champion, Magnus Carlsen, kept the door shut.

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3 mins  |
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The New Indian Express

A tribute to vision and verses

“PPO amma TV on pannuvanga? (Amma, When will they turn on the TV (read: movie screen)?),\" asked a little girl dressed in pink.

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2 mins  |
November 25, 2024