Corporate Updates – 15-12-2014


RBI has decided to permit an Indian Alternative Investment Fund (AIF), registered with Securities and Exchange Board of India (SEBI), to invest overseas in terms of the guidelines. Necessary amendments to the Notification ibid has already been issued and effective from the date of publication in the Gazette i.e. November 21, 2014.


SEBI in order to broad base the reach of this platform, it is decided to permit non demat transactions also in the Mutual fund through stock exchange platform. Earlier SEBI had permitted Mutual Fund Distributors to use recognised stock exchanges’ infrastructure to purchase and redeem mutual fund units directly from Mutual Fund / Asset Management Companies on behalf of their clients.


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