MUMBAI (Reuters) – 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) said in a press statement that asset management companies can now offer riskier strategies, like long-short equity, to high-risk investors, with a minimum investment of 1 million rupees ($11,939.59).
SEBI also eased rules for passively managed mutual funds, reducing compliance, encouraging competition, and facilitating entry for less risky schemes.
($1 = 83.7550 Indian rupees)
(Reporting by Jayshree P Upadhyay; Editing by Nivedita Bhattacharjee)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.