The Securities and Exchange Board of India (Sebi) had floated a consultation paper on introduction of ‘New Asset Class’ on Tuesday. The aim of introducing this asset class is to bridge the gap between mutual funds and Portfolio Management Services (PMS) in terms of flexibility in portfolio construction. This will help the regulator curtail movement … Continue reading India’s Capital Markets Regulator Sebi Proposes New Asset Class between Mutual Funds and PMS With Rs 10 Lakh Ticket Size