When multiple mutual fund schemes invest in a specific stock, it typically boosts investor confidence in that stock. As of June 2024, over 100 mutual fund schemes held stakes in 150 stocks.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India