Sebi mulls new asset class bridging PMS, MF
Mint Mumbai|December 09, 2023
India's market regulator is exploring a new asset class to bridge the gap between port-exploring a new asset class to bridge the gap between portfolio management services (PMS) and mutual funds (MFs), Madhabi Puri Buch, chairperson of Securities and Exchange Board of India (Sebi) said on Friday.
Rhik Kundu
Sebi mulls new asset class bridging PMS, MF

Speaking on the sidelines of the Global Economic Policy Forum organized by the Confederation of Indian Industry (CII), Buch said it is discussing the issue of a new asset class with all stakeholders, including industry representatives. "We are seeing room for an asset class between portfolio management services and mutual funds. We are discussing what this asset class will look like, and the benefits, and risk mitigation for investors."

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