Mutual funds increased exposure to technology, PSU banks, telecom, oil & gas and consumer durables, while autos, utilities, cement and chemicals saw reduced weightings as sector preferences shifted alongside changes in value and ownership patterns.
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