scorecardresearchSebi says portfolio managers can invest up to 30% of clients' assets in securities of 'associates'; Details here

Sebi says portfolio managers can invest up to 30% of clients' assets in securities of 'associates'; Details here

Updated: 27 Aug 2022, 09:35 AM IST
TL;DR.
The regulator defined associate as a body corporate in which a director or partner of the portfolio manager holds, either individually or collectively, more than 20 per cent of its paid-up equity share capital or partnership interest.
SEBI Board has approved amendments to the regulations for AIFs

SEBI Board has approved amendments to the regulations for AIFs