1. As per a revised circular by SEBI, AMCs can now reopen investments in international schemes. AMCs had restricted investments in select schemes due to capping restrictions for MF industry of $7 billion set by RBI.
2. SEBI, in a letter to AMFI, has barred the AMCs from offering bundled products such as SIP insurance plans which offer additional life insurance cover at no cost.
3. India’s current account deficit eased in Q4 for FY22 to 1.5% of GDP from 2.6% of GDP in Q3. The CAD for the entire FY22 stood at $38.7 billion or 1.2% of the GDP.
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