Norms eased for MFs managing offshore money

20-May-2015 #Globalwealth Source: MyDigital FC

With SEBI dropping the 20-25 rule, domestic Mutual Funds managing offshore pooled assets have found some respite. The opportunity to freely manage global funds can prove to be a significant opportunity for Indian Asset Management Companies (AMCs) and will open the door to significant inflows into the Indian stock markets.

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