SEBI has proposed to permit asset management companies (AMCs) to extend their services to pooled non-broad based funds, including family offices. Currently, AMCs are restricted from managing or advising non-broad based funds without a portfolio management services (PMS) license. This new proposal aims to broaden the scope of AMCs’ services beyond broad-based pooled assets.
2 top stock recommendations from Vinay Rajani
Indian equity markets are experiencing a cautious phase, consolidating within a defined range as fresh buying momentum remains elusive. Technical analysts suggest the broader trend