The Securities and Exchanges Board of India (Sebi) has proposed measures designed to streamline the regulation and licensing of mutual funds.
One of the proposals is to make joint investments in mutual fund schemes and optional requirements.
Other proposed measures include allowing the appointment of a single fund manager for domestic and overseas funds and the streamlining of prudential norms for passive schemes in terms of exposure to a single issuer.
Sebi had asked the market to comment on mutual fund regulations in October.
These comments were subsequently fed into a working group to be considered as part of its final recommendation.
The regulator has asked investors and market participants to submit their feedback on the latest proposals by March 15.
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