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April 2024
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India’s securities regulator plans to relax rules for mutual funds

Sebi proposes that mutual funds do not need to have dedicated fund managers for their commodity funds
By Goh Thean Eu   
February 27, 2024

India’s securities regulator is proposing to relax some rules for mutual funds to make it easier for fund companies to operate their business.

They include allowing one manager to be appointed for both domestic and overseas commodity funds instead of the current requirement for dedicated fund managers for each, and relaxing a rule that bars mutual funds from investing more than 25% in related companies.

The Securities and Exchange Board of India (Sebi) unveiled the proposals on February 22 in a consultation paper headlined as “ease of doing business initiatives for mutual funds”.

The regulator is seeking public feedback on the proposals until March 15.