Sebi has allowed mutual funds and portfolio management services (PMS) to trade in commodity derivatives. This is likely to boost turnover of Indian Commodity Exchange (ICEX). Rival MCX expects 15-20% volume growth to be maintained with entry of MFs and PMS in FY20.
A very limited quantity of Indian Commodity Exchange (ICEX) shares are available at attractive rates on first cum first serve basis. Offer valid till stocks last. Please call on 8108303330 for more details.
Sanjit Prasad, CEO, Indian Commodity Exchange (ICEX), said adding commodities in investors’ portfolios involves some risk but the overall risk adjusted returns of the portfolio may improve. “The ICEX platform will enable them to participate in unique commodities such as diamonds where we have seen a healthy growth in terms of participation and open interest,” he said.
Sebi allows MFs, PMS to invest in commodity derivatives