SEBI proposes easier norms for Domestic Mutual Funds

To make it easier for domestic mutual funds to manage offshore pooled assets, SEBI proposed to drop '20-25 rule’, which requires a minimum of 20 investors and a cap of 25 per cent investment by an individual investor in a particular scheme, for certain foreign entities. Besides, Securities & Exchange Board of India (SEBI) has suggested to do away with the rule that requires appointment of separate fund manager for managing an offshore fund.