Insurance companies have been allowed by their regulator to invest in ‘fund of funds’ provided such funds are not utilized by an Alternate Investment Fund to invest outside India. The new dispensation gives insurers a source to diversify their investment into new avenues like startups and also gives asset managers a new source of capital.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QcQmOa
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