Some FPIs breached Sebi norms with over-sized derivative deals

In March 2020, amid the pandemic and an unsettling choppiness in the stock market, the Securities & Exchange Board of India (Sebi) had taken a slew of measures to minimise volatility. One of the steps was capping the naked or unhedged exposure that offshore and local mutual funds could take on equity index derivatives.

from Stocks-Markets-Economic Times https://ift.tt/PSqt2dG
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