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Business Standard

No merit in relaxing 10% cap on single stock investment: Sebi chief

Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling

Topics
Sebi | Sebi norms | Investor Protection Fund

Samie Modak  |  Mumbai 

sebi chairman, ajay tyagi, sebi
Ajay Tyagi, Sebi chairman (Photo: Kamlesh Pednekar)

Markets regulator Secur­ities and Exchange Board of India (Sebi) sees no merit in relaxing the 10 per cent investment cap on a single stock for actively-managed mutual fund (MF) schemes, its chief said on Wednesday.

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First Published: Wed, October 21 2020. 14:11 IST

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