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    HomeNewsBusinessMarketsSmaller PMS firms see MFs emerging as competition with 'new asset class' products

    Smaller PMS firms see MFs emerging as competition with 'new asset class' products

    SEBI, on September 30, gave its final go-ahead to the ‘new asset class’ product with the minimum ticket size pegged at Rs 10 lakh.

    Srushti Vaidya
    October 09, 2024 / 13:14 IST
    In July, Sebi had released a consultation paper, proposing the new asset class that provides investors with a regulated investment product featuring higher risk-taking capabilities and a higher ticket size, aimed at curbing the proliferation of unregistered and unauthorised investment products.
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