SEBI’s new product framework aims to bridge the gap between Mutual Funds and PMS & AIFs products. With proliferation of unregistered and unauthorized investment schemes/entities and resultant increase in derivative trading by individual investors. The new product aims to provide investors who have a higher risk taking ability with a professionally managed and well-regulated product with adequate safeguards and risk controls. We discuss what this means for the end investor and for asset managers and wealth managers.
