Capital market watchdog Sebi has notified easier profitability criteria for becoming a mutual fund sponsor to facilitate innovation and expansion in the sector. The move comes after the Sebi board approved a proposal in this regard in December last year. Under the new norms, sponsors that are not fulfilling profitability criteria at the time of making an application would also be considered eligible to sponsor a mutual fund.
Insurers receptive to covering chronic ailments, declare PEDs honestly
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