Capital market regulator SEBI has excluded investment made through ETFs and index funds from the regulations on exposure to a single stock of own group companies and nomination has been made option for joint investments in mutual fund schemes.
In a consultation paper to promote ease of doing business among MFs, SEBI on Friday allowed single fund manager to manage commodity and overseas investment. The recommendations were made by the working group constituted by SEBI to promote the ease of doing business and reduce the compliance burden.
Investors and market participants have to submit their feedback by March 15.
