News From Press Sebi mulls allowing private equity funds to become sponsor of mutual fund

Sebi mulls allowing private equity funds to become sponsor of mutual fund

Source: PTI/ET Jan 14, 2023

Capital markets regulator Sebi on Friday proposed allowing Private Equity (PE) funds to sponsor a mutual fund house as they can bring in strategic guidance and talent to fuel growth of the industry. The proposal comes in the backdrop of IDFC Mutual Fund getting acquired by a consortium comprising Bandhan Financial Holdings Ltd, Sovereign Wealth Fund

GIC and private equity firm chrysCapital…

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