SEBI Launches MF Lite Framework, New Asset Class For HNIS

In a recent meeting, the Securities and Exchange Board of India, or SEBI , announced changes that will impact investors in the country. While there were no updates on the proposed changes to the derivatives market, SEBI has approved a new framework for passively managed mutual funds, called Mutual Funds Lite, and introduced a new asset class specifically for high-net-worth individuals. Let’s dive into what these changes mean for investors and the market.