SEBI approves new rules to widen investment avenues
The Securities and Exchange Board of India (SEBI) board approved new regulations widening investment avenues for portfolio managers, permitting them to invest client funds in foreign securities and, through a new PRIM route, in direct plans of mutual funds including ETFs, index funds and specialised investment funds. It also revamped its settlement framework and allowed foreign portfolio investors to trade a wider range of exchange-traded commodity derivatives.