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FDI threshold set at $20 million for merchant banking, asset management

These activities also include money changing business and credit rating agencies

Topics
Fdi  |  Asset Management  |  Venture Capital

BS Reporter 

FDI Foreign direct investors, keen on pumping money in merchant banking or asset management, have to bring in a minimum of $20 million. The Centre has fixed a threshold of $20 million for foreign direct investments (FDIs) in unregistered fund-based activities such as merchant banking, underwriting, portfolio management services, stockbroking, and asset management.

The fund-based activities also include venture capital, custodian services, factoring, leasing and finance, housing finance, credit card business, micro credit, and rural credit. On the other hand, ...

First Published: Mon, April 16 2018. 23:02 IST
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