You are here: Home » Economy & Policy » News
Business Standard

FDI threshold set at $20 million for merchant banking, asset management

These activities also include money changing business and credit rating agencies

BS Reporter 

FDI
FDI

Foreign direct investors, keen on pumping money in or asset management, have to bring in a minimum of $20 million.

The Centre has fixed a threshold of $20 million for foreign direct investments (FDIs) in unregistered fund-based activities such as merchant banking, underwriting, portfolio management services, stockbroking, and

The fund-based activities also include venture capital, custodian services, factoring, and finance, housing finance, credit card business, micro credit, and rural credit. On the other hand, threshold for non-fund activities, such as investment advisory services, financial consultancy, forex broking, has been set at $2 million.

These activities also include money changing business and credit rating agencies. All these activities are unregulated by any financial sector regulator and is allowed under the government route.


First Published: Mon, April 16 2018. 23:02 IST
RECOMMENDED FOR YOU