Ch.3 · Sponsor, Trustee and AMC Roles · hard
What is 'SEBI's Circular on Mutual Fund Lite' and its significance?
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EXPLANATION
SEBI's proposed 'Mutual Fund Lite' framework aims to lower entry barriers for setting up passive-only fund houses (offering only index funds and ETFs). Lower net worth requirements and simplified compliance could attract new players, increase competition in passive investing, and potentially reduce costs for investors. It reflects SEBI's push to develop the passive investment ecosystem in India.
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