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In order to enable Resident Indian fund managers to benefit from the provisions of the SEBI (Foreign Portfolio Investors) Regulations, 2019, the SEBI has modified Operational Guidelines for FPIs and Depository Designated Participants (DDPs) wherein it has stated that the contribution of resident Indian individuals shall be made through the LRS notified by RBI and shall be in global funds whose Indian exposure is less than 50%.”In order to enable Resident Indian fund managers to benefit from the provisions of the SEBI (Foreign Portfolio Investors) Regulations, 2019, the SEBI has modified Operational Guidelines for FPIs and Depository Designated Participants (DDPs) wherein it has stated that the contribution of resident Indian individuals shall be made through the LRS notified by RBI and shall be in global funds whose Indian exposure is less than 50%.”taxmann.com Latest Statutory HappeningsRead More