PBFintech, the parent entity of Policybazaar, is having a dream run at the stock exchanges. The company is nearing a $10 billion market capitalisation as its stock price has grown to around Rs 1,800 from Rs 1,000 six months ago. While Policybazaar is yet to taste profits from its new initiatives, it is definitely seeing its losses cut down.
Sebi allows MFs to invest in overseas funds with exposure to Indian securities
The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their