Major stocks opened higher on Wednesday with investors encouraged to buy after rallies on Wall Street as the US midterm elections dominate attention. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.61% higher.
Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket
Sebi’s board approved PRIM, allowing portfolio managers to invest client money in direct mutual fund plans, ETFs, index funds and SIFs. The new route carries