US EditionSebi seeks to throw open out-of-bounds business areas for mutual funds
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Sebi seeks to throw open out-of-bounds business areas for mutual funds
Source: Live Mint Mutual funds may be allowed to enter various business areas currently out of bounds for them, with the stock market regulator reviewing regulations that govern asset management companies. The Securities and Exchange Board of India (Sebi) is conducting a major review of mutual fund regulation, which is “the lengthiest of all regulations”, executive director Manoj Kumar said. The provision restricting business activities of ass…
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