India expands investment options for wealth management funds
What happened
India's market regulator, the Securities and Exchange Board of India (Sebi), has approved major rule changes for the portfolio management services (PMS) industry. These changes allow the industry, which manages about US$463 billion, to invest in overseas securities and unlisted debt securities. Furthermore, portfolio managers can now take exchange-traded derivatives exposure of up to 1.25 times clients’ assets, and take unhedged short positions up to a prescribed limit.
From businesstimes.com.sg
Why it matters
The overhaul significantly expands the investment options available to wealthy Indians. This allows the industry to cater to the growing demand for professionally managed, customized products with global market exposure.
From businesstimes.com.sg
Who's involved
Keep exploring
The entities involved
-
Boeing
American global aerospace and defense corporation
-
Reserve Bank of India
central bank of India
Related events
- The Reserve Bank of India introduced measures aimed at attracting foreign currency inflows.
- The Reserve Bank of India rolled out new measures aimed at attracting foreign capital to bolster the nation's balance of payments.
- BRICS and the Reserve Bank of India are exploring ways to reduce cross-border payment costs and rolling out the digital rupee pilot scheme.
- RBI drives digital rupee adoption for settlements while SEBI pilots tokenized bonds, learning from European markets.
- The Reserve Bank of India permits bank expansion in India in line with government objectives.