Sebi Proposal: Allowing Indian Mutual Funds to Invest in Overseas Funds with Exposure to Indian Markets   Sebi, the capital markets regulator, is deliberating on the possibility of permitting Indian mutual funds to invest in overseas mutual fund units that have exposure to Indian securities, a move aimed at leveraging India’s strong economic growth prospects. Presently, mutual funds in India are not explicitly authorized to make such investments, leading to limitations in capitalizing on this […]

Understanding ESG Ratings and Their Importance to Investors In the last few weeks, about half a dozen entities have received approval from the Securities and Exchange Board of India (Sebi) to provide Environmental, Social, and Governance (ESG) ratings. These certifications include units of Credit Rating Agency (CRA) ICRA, CRISIL, and Care Edge, as well as proxy advisory firms, Stakeholders Empowerment Services (SES), and Institutional Investor Advisory Services (Ilias). Several firms, including units of MSCI and […]

Sebi Introduces New Requirements for Alternative Investment Fund Managers The Securities and Exchange Board of India (Sebi) has issued a new circular making it mandatory for at least one key member of an Alternative Investment Fund’s (AIF) investment team to have the relevant certification from the National Institute of Securities Market (NISM). The move comes as part of Sebi’s efforts to strengthen the regulatory framework for managing AIFs. Below is an overview of the new […]

Sebi’s Master Circular for RTAs: Key Updates and Responsibilities The recent release of the master circular for registrars to an issue and share transfer agents (RTAs) by the Securities and Exchange Board of India (Sebi) signifies a significant step in regulating and overseeing the responsibilities and operations of RTAs. The circular, dated May 17, 2024, incorporates relevant guidelines and directives issued by Sebi from May 17, 2023, onwards, consolidating various aspects pertaining to registration, transfer-related […]

Understanding Credit Ratings: Sebi Master Circular Mastering Credit Ratings As an investor considering debt instruments, it’s vital to be aware of the credit ratings assigned by agencies such as CRISIL and ICRA. These ratings serve as a crucial indicator of the instrument’s safety and risk level. To comprehend these ratings, it’s essential to grasp the underlying assessment criteria utilized by these agencies and the latest directives from the Securities and Exchange Board of India (Sebi) […]