These funds will become the first institutional investors to be given access to India's commodity derivatives.
Reliance Capital Asset Management, in October 2015, announced takeover of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore in an all-cash deal.
Mumbai: Securities and Exchange Board of India (SEBI)on Wednesday allowed category III alternative investment funds (AIFs) to invest in the commodity derivative markets, provided they do not invest more than 10 percent of their investable funds in one underlying commodity.
Category III AIFs, such as hedge funds, will also be allowed to use leverage to invest into the commodity derivatives market, SEBI said in a statement.
These funds will become the first institutional investors to be given access to India's commodity derivatives as part of SEBI's push to develop this market.
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