Login ID:
Password:
Partner Login
Contact Us : 07666977977

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

17 Feb 2017 6:14 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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)


  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 News
DJ Gold Slips on Expectation Fed Will Defer Rate Hikes ...
DJ Global Forex and Fixed Income Roundup: Market Talk
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ Subscribers: India Market Items Not Available Due to...
DJ Too Soon to Cool on Miners, Says Jefferies -- Market...
Top 5 Special Reports
Cumin May Witness Correction In Near Term; But Long-Ter...
Technical: Turmeric Nizamabad - Trend Is Down
Technical: Chilli Guntur - Trend Is Still Down
Technical: Cotton Bales Rajkot- Expect Sideways Volatil...
Technical: Cotton Seed Kadi : Expect Correction / Conso...
Copyright © CC Commodity Info Services LLP. All rights reserved.