I perceive the regulatory implications for a similar are usually not clear for many of it, however because it acknowledged instrument in US and different international locations (and we now have MF for international exchanges) why cant large gamers like banks(ICICI, HDFC) soar on this asset class…
I imply for those who have a look at it that is the precise place the place Retail buyers should not have sufficient data of it and wish experience of those enterprises…
As an alternative of getting MF of the identical shares with 100 completely different projection lenses, this appears to be a class with appears to be explosive(each + or – ) and provides some superb returns…
crypto is a harmful funding, you unfastened your key or somebody steals your cash, no gov companies has energy to get it again for you, its gone ceaselessly. why would MF dangers peoples cash on unregulated instrument?
As an alternative of getting MF of the identical shares with 100 completely different projection lenses, this appears to be a class with appears to be explosive(each + or – ) and provides some superb returns…
Speechless
However anyhow, to reply your query, MFs are regulated entities and what sort of funds might be supplied is tightly managed by SEBI.So an enormous participant can’t determine that it is a nice concept let me begin a fund on this, with out looking for approval first. And with RBI and FM making it clear a number of instances that Crypto is just not Kosher, I doubt anybody goes to get an approval to begin it.
however because it acknowledged instrument in US and different international locations (and we now have MF for international exchanges) why cant large gamers like banks(ICICI, HDFC) soar on this asset class…
Simply because it’s acknowledged in US doesn’t imply it’s allowed in India.
As such weed is authorized in lot of US states and European international locations. Doesn’t imply ICICI or HDFC can begin promoting weed of their branches 
As such weed is authorized in lot of US states and European international locations. Doesn’t imply ICICI or HDFC can begin promoting weed of their branches
Thats streching the instance, past its which means 
I do know my feedback can be ineffective, trigger the regulator has its claws on it, which is bizarre trigger it acknowledges its positive aspects for taxation goal however not as funding instrument…
Coming to the character of threat for this investments they are often in comparison with be risky like micro caps and be categorized as speculative insturment, and folks must be carefull with it…
1 Like
India is a spot for rules on rules, i’d surprise if the SEBI would ever contemplate the spinoff ETFs first to have retail buyers put money into them. They’re in similar footing because the crypto currencies. There are new crypto ETFs in America proper now and can be fascinating to see if SEBI would contemplate enable a small share of funds to put money into abroad traded crypto ETFs.
What i meant was MF AMC are allowed to put money into foriegn safety which SEBI has zero management on
It isn’t about management. SEBI permits that as a result of SEBI is aware of that these international securities are regulated by regulators in international international locations. There are inventory markets to deal with the trades, custodians to carry these shares and Banks to help with cash switch. All of those are closely regulated and clear minimize tasks and accountabilities outlined.
Crypto has none of those.
Coming to the character of threat for this investments they are often in comparison with be risky like micro caps
That is myopic view, merely evaluating value voilatility and contemplating dangers are similar.Crypto has a number of unknowns / dangers.
Contemplate Current Hack of WazirX. In a single day an trade misplaced half the belongings of buyer it was holding and has frozen different half. And now prospects are unable to get virtually half billion USD.And neither trade, nor prospects have any concept what must be achieved now.
That’s such as you waking up sooner or later and realizing that half of your Micro caps shares have vanished, and trade is just not permitting you to entry different half. An remarkable state of affairs for Indian inventory market.
So nope, dangers are usually not similar. And until the time there are such a lot of gray areas, I doubt Regulator will suppose that beginning a MF to permit frequent investor to put money into Crypto can be good concept.
1 Like
Sure i agree crypto comes with heavy dangers and will i say rewards as properly, however then when did this fin business stopped taking them fully… they at all times uped their hedgeing recreation…
This level precisely makes it a great level for orgs to get into it reasonably than retail buyers trigger they’ve decipline and plans to make this work…
And for all the explanations you prompt above all dangers are relevant with even money devices The good cosmos hack, and so on…lastly its code and it could possibly vanish any instrument since every part is digitized now adays
However i get your level, its excessive dangers and market will not be prepared for it explanation for the notion that preceeds this instrument…
