Sebi notifies rules allowing PE funds to sponsor mutual fund houses
Admin
Jul 6, 2023 12:42
80
Capital markets regulator Sebi has notified rules allowing private equity funds to sponsor a mutual fund house as they can bring in strategic guidance and talent to drive the growth of the industry.
Currently, any entity that owns 40 per cent or more stake in a mutual fund is considered a sponsor and is required to fulfill the eligibility criteria.
