News From Press SEBI board may give nod to MF lite, new asset class on Sept 30

SEBI board may give nod to MF lite, new asset class on Sept 30

Source: The Hindu BusinessLine Sep 25, 2024

The SEBI board may take up a host of proposals for its upcoming meeting on September 30.

The board may discuss the introduction of a new asset class with a minimum ticket size of ₹10 lakh. The threshold will deter retail investors from investing in the product, while attracting investors with investible funds of ₹10-50 lakh, who are currently being drawn to unregistered portfolio management service providers.

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