SEBI Simplifies FPI Registration Process and Swiggy Makes Strong Market Debut
In a bid to streamline the onboarding process for certain Foreign Portfolio Investors (FPIs), the Securities and Exchange Board of India (SEBI) has introduced an abridged Common Application Form (CAF). This new framework targets FPIs linked to already registered investment managers, sub-funds, or insurance company schemes, simplifying their registration by auto-populating most of the information. Applicants will only need to fill out unique fields, and explicit consent will be required to use existing data. The Designated Depository Participants (DDPs) will be responsible for ensuring updated records within the CAF module. These changes, set to take effect in three months, are expected to improve efficiency and ease the onboarding process for investors.
Meanwhile, Swiggy made a strong debut in the market, listing at a premium of 7.69% above its issue price of ₹390 per share. This successful listing highlights the company’s strong market potential and positive investor sentiment following its initial public offering (IPO), which saw robust participation.
Franklin Templeton Launches New Fund Offer for Franklin India Arbitrage Fund
In the mutual fund sector, Franklin Templeton Asset Management Company (AMC) has rolled out a New Fund Offer (NFO) for the Franklin India Arbitrage Fund. This open-ended scheme seeks to generate returns by capitalizing on arbitrage opportunities between the cash and derivative markets, as well as other debt and money market instruments. The NFO is currently open for subscription and will close on November 18, 2024.
Investors looking for relatively lower-risk investment options that offer the potential for steady returns may find this fund appealing, especially in the current market environment. The launch of this new fund, along with ongoing developments in regulatory reforms and capital markets, signals a dynamic period in India’s evolving financial ecosystem.
