Mumbai: The Securities and Exchange Board of India (Sebi) on Wednesday announced sweeping changes in norms relating to mutual funds, public issues, capital raising and commodity derivatives after its board met for the first time under new chairman Ajay Tyagi. Sebi also allowed investors to use e-wallets to buy mutual funds of up to Rs50,000 per financial year. This move could potentially increase inflows into India’s Rs18 trillion mutual funds market. For options trading, Sebi is proposing to amend the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012. The detailed guidelines for trading in options on commodity derivatives exchange will be issued by Sebi, the market regulator in a statement.

Source: Mint April 26, 2017 19:30 UTC