SEBI approves new and safe asset class under Mutual Fund framework ...Middle East

Mumbai: The SEBI board has approved the introduction of a new investment product under the existing Mutual Fund framework that aims to curtail the proliferation of unregistered and unauthorised investment schemes/entities, which often promise unrealistic high returns and exploit investors’ expectations for better yields, leading to potential financial risks. According to the markets regulator, the new asset class is intended to bridge the gap between Mutual Funds and Portfolio Management Services in terms of flexibility in portfolio construction. As per SEBI, the new Mutual Fund product aims to provide investors with a professionally managed and well regulated product that offers greater fl

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SEBI approves new and safe asset class under Mutual Fund framework ...Middle East

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