Sebi considering to create new asset class
Capital markets regulator Sebi is looking to create a new asset class -- which lies between mutual funds and portfolio management services (PMS) -- and the new product can cater to high-risk investors, its chief Madhabi Puri Buch said on Friday.
In May, Sebi floated a consultation paper and proposed a uniform total expense ratio across mutual fund schemes in a bid to bring in transparency in the costs charged to unitholders. Image Source: Reuters