Page 42 - அல்லாத குடியிருப்பாளர் இந்தியன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Global private banks ask FPI managers not to sell NRI clients’ investments Besides, an NRI controlled investment manager (or the asset management company) running an FPI must register itself as a ‘non-investing FPI’ with Sebi. Synopsis FPIs have to bring down the aggregate contribution of NRIs and OCIs (along with resident Indians) in a fund to below 50% by December 31, 2020. Also, contribution by an NRI/OCI cannot exceed 25%. Funds which fail to do this will have to wind up in six months. MUMBAI: Global private banks, dealing with the rich and ultrarich, have told managers of foreign portfolio investors (FPIs) to refrain from selling off investments by their non-resident Indian (NRI) and overseas citizens of Indian (OCI) clients to meet the rules laid down by Securities & Exchange Board of India (Sebi).

Securities exchange board of india sebi fpisExchange boardSecurities amp exchange board of indiaNon resident indianGlobal private banksForeign portfolio investorsAlternative investment fundsபரிமாற்றம் பலகைபத்திரங்கள் ஆம்ப் பரிமாற்றம் பலகை ஆஃப் இந்தியாஅல்லாத குடியிருப்பாளர் இந்தியன்உலகளாவிய ப்ரைவேட் வங்கிகள்வெளிநாட்டு போர்ட்‌ஃபோலீயோ முதலீட்டாளர்கள்மாற்று முதலீடு நிதி