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.
LIC dividend alert! Last day to buy insurance behemoth’s shares for Rs 10 dividend
LIC has fixed June 25 as the record date for its Rs 10 final dividend, making today the last opportunity for investors to buy shares