Sebi eases norms for disposal of physical gold, silver assets held by MFs

In a circular, the Securities and Exchange Board of India (Sebi) said that disposal time is now 180 days for physical gold and silver assets

Markets regulator Sebi on Friday relaxed the timelines for disposal of physical gold and silver assets held by mutual funds for settlement purposes for investments made through exchange traded commodity derivatives.

Underlining that mutual fund schemes cannot invest in  physical goods except in gold through gold ETFs, Sebi modified its nearly a year-old directives on disposal timeline for physical goods held by the mutual fund schemes towards physical settlement of exchange traded commodity derivative contracts, in which they might have invested.

In a circular, the Securities and Exchange Board of India (Sebi) said that disposal time is now 180 days