Sebi Eases Norms for MF In­vest­ments

The Economic Times - - Finance & Commodities -

Ex­ist­ing mu­tual fund schemes will not re­quire ap­proval of a ma­jor­ity unit hold­ers to in­vest in de­riv­a­tives seg­ment pro­vided there is an exit op­tion, Sebi said. The lat­est de­ci­sion has been taken in view of the chal­lenges in­volved in seek­ing the con­sent of a ma­jor­ity of unit hold­ers.

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