Partner Nandini Pathak commented on SEBI’s proposal to allow retail schemes in the International Financial Services Centre (IFSC) and Indian mutual funds to register as Foreign Portfolio Investors (FPIs). She stated that this initiative will boost FPI inflows and liquidity by giving India’s asset management companies (AMCs) a level playing field with their foreign and Alternative Investment Fund (AIF) counterparts. This change would allow Indian AMCs to leverage their local market expertise in portfolio management, an area where they have not been able to fully capitalize on their “home-ground advantage,” despite their success in fundraising for outbound retail funds through IFSC structures.
