Event Details

10-07-2024

Sebi invites comments on proposal for new asset class bridging between mutual funds and PMS

The Securities and Exchange Board of India (Sebi) has invited comments on its proposal to introduce a new asset class or product category aimed at bridging the gap between mutual funds (MFs) and Portfolio Management Services (PMS). 

In a consultation paper released today, Sebi clarified that the new asset class sought to provide investors with a regulated investment product featuring higher risk-taking capabilities and higher ticket size. It aimed to curb the proliferation of unregistered and unauthorized investment products.

Mint had reported in October about Sebi’s communication to the Association of Mutual Funds in India (Amfi) seeking the views of individual asset management companies on a new mutual fund category.