The current thinking within Sebi is to cap PMS firms’ investments in all equity and debt securities of related entities put together at 30%. The regulator might also ask portfolio managers to obtain the consent of clients if the money manager wants to invest in related parties, said the people cited above.
Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285