Revised Sebi norms fail to bring relief to NRI fund managers

As per Sebi’s new norm, a fund needs 51% money from overseas investors, hence NRIs can’t be in charge of fund

Jayshree P. Upadhyay MUMBAI

The woes for non-resident Indian (NRI) fund managers have not ended. A modified circular on foreign portfolio investors (FPI) eligibility and identification of beneficial ownership issued in September has made it difficult for them to create viable...

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