Business News Update; Foreign ETFs Investment Ban | Rupee All Time Low Record | Ban on investment in mutual-fund schemes investing in foreign ETFs: Rupee hits record all-time low, SpiceJet reduces flights by 26% in summer schedule
From next month i.e. 1st April, you will not be able to invest in those mutual fund schemes which invest money in foreign ETFs i.e. exchange traded funds. Stock market regulator Securities and Exchange Board of India (SEBI) has banned mutual funds from taking new investments from this date. Rupee has reached its […]