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SEBI May Soon Allow Mutal Fund/Institution To Trade In Commodity Futures

17 Feb 2017 6:14 pm
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MUMBAI (Commoditiescontrol) - The Securities and Exchange Board of India (SEBI) is likely start allowing institutional investors like banks and FPIs to trade in commodity futures market as soon as in a month, the head of the country's capital markets regulator said on Friday, as the government targets deepening of the market. Further SEBI is also likely give mutual fund go ahead to trade in the segment.

Sinha, whose term as SEBI Chairman ends on March 1, was speaking to reporters on the sidelines of the regulator's international conference on commodity derivatives.

"Without the active participation of institutional investors this market cannot grow," U. K. Sinha, chairman of the Securities and Exchange Board of India (SEBI), told reporters on the sidelines of a conference.

Mutual funds are likely to be the first to get access to the commodity futures market, may be in a month, Sinha said.

SEBI, which started regulating commodity markets after the merger of Forward Markets Commission (FMC) with the regulator in September 2015, is working towards developing the commodities market by bringing in more products participants like FPIs, insurance and mutual funds.

(By Commoditiescontrol Bureau; +91-22-40015533)


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