Existing asset management companies (AMCs), which offer both active and passive funds, will also have the option of hiving off the passive business to a separate entity under the new MF Lite norms.
"Considering the lesser risk inherent in managing passively managed MF schemes, the proposed MF Regulations intend to reduce the compliance requirement, foster innovation, encourage competition and promote ease of entry for the MFs interested in launching only passive schemes," Sebi said.
This story is from the July 02, 2024 edition of Business Standard.
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This story is from the July 02, 2024 edition of Business Standard.
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