From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)SEBI allows fund, portfolio managers to accredit investors
What's behind this
SEBI has introduced a new route that lets fund and portfolio managers accredit investors, aiming to speed up onboarding. Under the new eligibility criteria, individuals must have securities market exposure of ₹5 crore, while corporates must have exposure of ₹20 crore. In a related move, SEBI eased currency derivatives rules by setting a $5 million limit, allowing domestic clients to take unhedged Indian rupee positions beyond that amount, subject to RBI‑prescribed conditions. Earlier, SEBI also allowed net settlement of funds for mutual funds from April, a move to ease funding needs.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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center · 1 outlet
The Securities and Exchange Board of India (SEBI) has revised currency derivatives trading limits, allowing domestic investors and foreign portfolio investors (FPIs) to trade up to USD 5 million in rupee-linked contracts without showing proof of underlying foreign currency exposure.
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right · 1 outlet
New route to speed up onboarding; securities market exposure of ₹5 crore for individuals and ₹20 crore for corporates added as eligibility criterion
RSS excerpt
New route to speed up onboarding; securities market exposure of ₹5 crore for individuals and ₹20 crore for corporates added as eligibility criterion
