 "Sebi")
The Securities and Exchange Board of India (Sebi) on Monday announced changes to guidelines for passive funds, aiming to boost exchange-traded funds (ETFs).
For debt ETFs and index funds, the market regulator capped group-level exposure at 25 per cent. The cap will not apply when it comes to investment in public sector entities.
The constituents of the index will be aggregated at issuer level for the purpose of determining investment limits for single issuer, group or a sector.
Sebi asked the Association of Mutual Funds in India (Amfi) shall issue a list of debt indices for launching of debt ETFs
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