India Lets Wealth-Focused Funds With $463 Billion Invest Abroad
India's market regulator, SEBI, has updated rules to allow portfolio management service providers to invest in overseas equities. This move aims to ease restrictions on the growing industry.
India’s market regulator will allow a $463 billion segment of its portfolio management industry catering to wealthy individuals to invest in overseas securities and short equity options for the first time, as part of a sweeping overhaul of the rules.
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