Tuesday, January 24, 2012

Sebi may not relax norms for foreign investors in mutual funds




The Securities and Exchange Board of India (Sebi) may not relax the ‘know your customer’ (KYC) norms for qualified foreign investors (QFIs) for investing in domestic mutual fund industry.
Last month, industry chief executives had requested for a relaxation after witnessing no inflows even after five months of the measures taken in August last year.

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