You may soon get to trade Silver ETFs; Sebi considers nod
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ET Bureau
Mumbai: Silver-backed Exchange Traded Funds (ETF), one of the most popular products globally, may soon find their way into India. The capital-markets regulator will consider a proposal allowing mutual funds to launch bespoke plans that mimic the price moves of silver, creating an affordable and liquid investment proxy for the precious metal that has robust local demand.
The proposal was discussed in a recent meeting of the Mutual Fund Advisory Committee, appointed by the Securities and Exchange Board of India (Sebi). The regulator may soon accept the recommendations of the panel, unless there are legal or operational hurdles.
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SEBI introduces new framework on processing of scheme related applications by AMCs
Under the framework, the application filed by AMCs for certain matters may be deemed to be taken on record in case no modifications are suggested or no queries are raised by SEBI within 21 working days The new framework will be applicable for all the applications received on or after September 1 (Source: PTI) PTI
Updated Jul 24, 2021, 8:17 AM IST
Markets regulator Sebi on Friday came out with a framework to promote ease of doing business and bring uniformity in the timelines for processing scheme related applications filed by asset management companies (AMCs). Under the framework, the application filed by AMCs for certain matters may be deemed to be taken on record in case no modifications are suggested or no queries are raised by Sebi within 21 working days, the regulator said in a circular.