SEBI's innovative move introduces a new investment option bridging mutual funds and PMS, allowing investors to start at Rs 10 lakh. This product reduces illegal PMS risks, featuring equity, derivatives, index funds, and Rs 50,000 SIPs. PV Subramanyam praises its appeal to affluent investors and young professionals. Supporting family investments and PMS, it offers market opportunities for small AMCs, targeting HNI segments under SEBI's consultative paper.
