The Securities and Exchange Board of India (Sebi) has proposed the introduction of a new investment vehicle catering to investors willing to take riskier bets on the market but for whom portfolio management services (PMS) or alternative investment funds (AIFs) could be out of reach.
The regulator has proposed a minimum ticket size of Rs 10 lakh for this yet-to-be-named product category—much below the threshold of Rs 50 lakh for PMS and Rs 1 crore for AIFs. Meanwhile, the minimum investment size for mutual funds (MFs) can be as low as Rs 100.
“The proposed new asset
First Published: Jul 16 2024 | 6:05 PM IST