News From Press Funds likely to launch commodity derivatives schemes by early FY20

Funds likely to launch commodity derivatives schemes by early FY20

Source: The Economic Times Mar 12, 2019

The Securities and Exchange Board of India (Sebi) will amend the Mutual Fund Amendment Regulations of 2018 and the Portfolio Management Amendment Regulations 2016 enabling mutual funds and portfolio managers to participate in the agri and non-agri commodity derivatives segment (CDS) within a month. The regulator will then notify the same after intimating the finance ministry, a person aware of the development told ET. Sebi approved MF and PMSes’ participation at its board meet on March 1.

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