News > Sebi might soon allow PE players to snap up, set up their own AMCs

Sebi might soon allow PE players to snap up, set up their own AMCs

Business Standard | 27/09/2021 10:19 PM | Click to read full article

Private equity (PE) players may soon get more leeway to snap up asset management companies (AMCs) or set up their own. 

At present, PE firms are not banned from acting as MF sponsors. However, under current regulations, a sponsor is required to meet the ‘fit and proper criteria’ under which an entity needs to have a sound track record and general reputation of fairness and integrity in all its business transactions.