Market regulator Securities and Exchange Board of India (SEBI) has cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds (MF) and portfolio management services (PMS).

India's markets regulator on Monday approved a new asset class, allowing investors to take higher risks through a regulated product.

The Securities and Exchange Board of India (Sebi) has approved a new asset class for high-net-worth investors, allowing a minimum investment of Rs 10 lakh in riskier regulated products called 'Investment Strategies.

Markets regulator Sebi's board on Monday cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds and portfolio management services and

The markets regulator Sebi's board approved new asset classes for high-risk investors and relaxed rules for passively managed mutual funds to reduce c