The Securities and Exchange Board of India (SEBI) on July 16, 2024, issued a Consultation Paper On the Introduction of a New Asset Class/Product Category.
The objective of this consultation paper is to solicit comments on the proposed introduction of a new asset class/ product category aimed at bridging the gap between Mutual Funds and Portfolio Management Services in terms of flexibility in portfolio construction. The proposed New Asset Class seeks to provide investors with a regulated investment product featuring higher risk-taking capabilities and a higher ticket size, aimed at curbing the proliferation of unregistered and unauthorized investment products.
For more details, kindly refer to the document provided below.
