 "The new asset class proposed by the market regulator, which will fit in between mutual funds (MFs) and portfolio management services (PMS), will open up new business opportunities for domestic asset management companies (AMCs). But it may eat into so")
The new asset class proposed by the market regulator, which will fit in between mutual funds (MFs) and portfolio management services (PMS), will open up new business opportunities for domestic asset management companies (AMCs). Although it may eat into some of the existing assets of MFs and PMS, believe industry experts.
The Securities and Exchange Board of India (Sebi) on Tuesday proposed a new investment vehicle catering to investors willing to take riskier bets. The regulator has mooted a minimum ticket size of Rs 10 lakh, much below the threshold of Rs 50 lakh for PMS.
"It
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