SEBI plans to increase investors participation in mutual fund schemes to protect retail investors from the impact of sellfoffs by large investors and corporates. Sebi is likely to increas the minimum number of investors required in a mutual fund scheme from 20 at present and bring down the maximum holding by a single investor from the current level of 25% said a person familiar with the matter.
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At present Sebi rules requires an MF scheme to have a minimumof 20 investors with no a single investor owing more than 25%.
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