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Perspective on Sebi's latest circular on Passive ELSS funds By Mr. Mahavir Kaswa, Motilal Oswal AMC
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Below is Perspective on Sebi's latest circular on Passive ELSS funds By Mr. Mahavir Kaswa, Head of Research, Passive Funds, Motilal Oswal AMC
"While we are still evaluating the implication of the circular; however we believe the ‘Circular on Development of Passive Funds’ by SEBI is big welcome step to the overall growth of passive funds. The norms on debt ETF / Index Fund will certainly help broaden the debt passive fund product offering. Number of steps with respect to market making, iNAV on stock exchange, or disclosure of tracking error and tracking difference would equip investors to make right choice of passive fund manager.”
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