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India Seeks to Expand Investment Options for Portfolio Managers

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India Seeks to Expand Investment Options for Portfolio Managers India’s markets regulator has proposed allowing portfolio managers to invest clients’ money in overseas securities and IPO-bound firms, as well as take unhedged equity derivatives positions, as part of a broader easing of rules for the industry. The Securities and Exchange Board of India may allow portfolio managers to invest abroad under the Liberalised Remittance Scheme, which permit resident Indians to remit up to $250,000...

India Seeks to Expand Investment Options for Portfolio Managers India’s markets regulator has proposed allowing portfolio managers to invest clients’ money in overseas securities and IPO-bound firms, as well as take unhedged equity derivatives positions, as part of a broader easing of rules for the industry. The Securities and Exchange Board of India may allow portfolio managers to invest abroad under the Liberalised Remittance Scheme, which permit resident Indians to remit up to $250,000 overseas each financial year. Portfolio managers are barred from making such investments even though individuals can do so under the facility.
Expand Investment Options for Portfolio Managers India Seeks (ORG) Expand Investment Options for Portfolio Managers India (ORG) IPO (ORG) The Securities and Exchange Board of India (ORG) the Liberalised Remittance Scheme (ORG) Indians (ORG)
Originally published by Bloomberg Markets Read original →