Capital markets regulator Securities and Exchange Board of India (Sebi) is expected to pave the way for the launch of mutual fund lite, which is aimed at bridging the gap between mutual funds (MFs) and portfolio management services (PMS).
The decision is likely to be taken at the Sebi’s forthcoming board meeting on September 30, reported Business Standard, quoting sources.
Under the proposed framework, mutual funds that want to manage only passive schemes will be covered under the Mutual Fund Lite Regulations.
