SEBI proposes low-cost mutual funds starting at $3 to improve financial inclusion in India.

India's market regulator, SEBI, proposes small mutual fund investments starting at Rs 250 ($3) to boost financial inclusion. The plan includes discounted rates and easier KYC processes, aiming to make mutual funds accessible to low-income groups. SEBI suggests compensating Asset Management Companies (AMCs) and distributors for initial costs, with comments on the proposal due by February 6th.

2 months ago
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