The proposal says long-short equity funds and inverse ETFs may be permitted to be offered as investment strategies under the new product category.
The Securities and Exchange Board of India (SEBI) is planning to introduce a new asset class or product category positioned between mutual funds and portfolio management services. A new asset class would provide a regulated and structured investment suited to the investors in this segment In a consultation paper released on Tuesday (16 July), the Indian regulatory authority proposed a minimum ticket size of INR1m (US$11,962) per investor under the new product category offered by mutual funds
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