In a Lok Sabha written reply, the government said the DPIIT has recognized 84,102 entities as startups as of November 30. These startups span 56 sectors, including agriculture, biotechnology, and chemicals. The move supports Startup India incentives like income tax benefits, alongside Fund of Funds and Seed Fund allocations, with Maharashtra, Karnataka, Delhi, Uttar Pradesh, and Gujarat leading recognition counts.
ICICI Prudential’s Thematic Advantage Fund of Fund will be reclassified as an Aggressive Hybrid Active FoF effective April 1, 2026. The move follows SEBI’s updated framework for Fund of Fund schemes, shifting the portfolio toward active mutual fund investments. The fund aims to better navigate different market cycles with a more aggressive stance.
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