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.
Jio Platforms gets first Buy call! Nomura says ‘disruptor now the leader’; starts coverage with Rs 1,340 target
Shares of Jio Platforms listed at Rs 1,359 on BSE and NSE, a premium of 21% over the IPO price. Nomura set a target price