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"Investors should look at the US market for portfolio diversification. An ideal balanced or moderate investor should look at a portfolio allocation of 50:50 equity and debt and within the equity allocation have 30% equity in US stocks (15% overall)," said Ashish Ranawade, head of products at Emkay Wealth Management.
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The market intermediaries will have to submit the data, along with a slew of other information, to the regulator by November 30, an official with a large asset manager told ET.
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"We want to clarify that our decision to pause partnerships was a strategic move made earlier this year," said a HDFC Securities' spokesperson.
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News and Media
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