India: Sebi opens up Reits, tightens norms for MFs, hiring directors

India: Sebi opens up Reits, tightens norms for MFs, hiring directors

Birds rest on the logo of the Securities and Exchange Board of India (SEBI). REUTERS/Shailesh Andrade/Files

The markets regulator on Tuesday tightened norms for mutual funds, hiring of independent directors and opened investments in real-estate investment trusts to small investors and in private equity and venture capital funds to so-called accredited investors.