Markets regulator Sebi has asked fund houses not to accept any more contribution in schemes which invest in exchange traded funds listed on foreign bourses from April 1. The Sebi direction comes as these ETFs are set to exhaust the RBI-imposed aggregate upper limit of $1 billion worth of investments. How will the latest directive impact the Mutual Fund industry? Harshvardhan Roongta, CFP, Roongta Securities, shares insights.
#sebi #mutualfunds #ETFs #AMCs #overseasETFs #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
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