On regulatory expectations, the BSE remarked that there is a general perception that regulators are blamed when investors lose money
The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products
Such funds use complex trading strategies through investments in listed, unlisted stocks and derivatives.
Such investors have had to bear higher taxes on their investment because of the goods and services tax (GST) borne by such funds, which is ultimately passed on to the investors
PAN requirement will no longer apply to such investors
AIF refers to any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign
The regulator may also conduct regulatory audits on the AIFs to examine the fund sourcing arrangements with investors to ensure that the present regulations are not violated