LIVE NEWS 27 December 2024
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01 May, 2024 : SEBI allows NRIs to own up to 100% in global funds at the GIFT City

Mumbai: The Securities and Exchange Board of India (Sebi) on Tuesday allowed non-resident Indians (NRIs) to own up to 100 per cent in global funds at the GIFT City and gave passive funds more exposure to group companies.Currently, NRIs and Overseas Citizens of India (OCIs) cannot own more than 50 per cent in a foreign portfolio investor (FPI). The move could pave the way for greater flows from the Indian diaspora into the domestic stocks.“A 100...

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