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Sebi tweaks norms on passive funds

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Sebi tweaks norms on passive funds
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4 July 2024 9:45 AM IST

New Delhi: Markets regulator Sebi has streamlined norms for passive funds – index funds and Exchange Traded Funds (ETFs) – pertaining to exposure to securities of group companies of the sponsor to facilitate a level playing field for mutual funds (MFs).

In a notification on Tuesday, Securities and Exchange Board of India (Sebi) has amended mutual fund rules, whereby equity-oriented ETFs and index funds can now invest in the listed securities of group companies of the sponsor beyond 25 per cent of the net assets.

Sebi mutual funds index funds Exchange Traded Funds (ETFs) passive funds equity investments regulatory changes group companies investment limits 
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