The Securities and Exchange Board of India’s (SEBI) decision to introduce a new asset class within the mutual fund framework represents a transformative moment for India’s wealth management sector. The new asset class offers a range of investment strategies that act like hedge funds. While the Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs) require a minimum investment of INR5 million (USD58,900)and INR10 million, respectively, the SEBI has a much more accessible entry point of INR1 million for the new asset class.
Click here to read more.
