German firm DWS Group is acquiring a 40% stake in Nippon Life India Asset Management’s alternatives business. This partnership aims to expand operations in alternatives, active, and passive assets. The companies will also jointly launch passive products. A global distribution arrangement is planned for India-focused mutual funds. The alternatives sector in India is poised for significant growth.
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