PMS & AIFs could lose investors to new asset class- Experts
The new asset class proposed by the Securities and Exchange Board of India (Sebi) is expected to bring innovative investment products and styles in the market, but could also encourage some investors to move from existing high-risk products like portfolio management services (PMS) and alternative investment funds (AIFs).
In comparison to mutual funds starting at Rs 100 and PMS at Rs 50 lakh, the new asset class, which targets investors with higher risk appetite with a minimum investment of Rs 10 lakh, can provide them with the higher alpha that many seek. “PMS/AIF may get disadvantaged if it causes cannibalisation of their AUM in favour of the new asset class from large, moneyed investors (i.e. their target clients),” said Ruchir Kapoor, managing director at Merisis Wea…
OLA Electric IPO closes today; Check subscription, GMP, review, and other details before you subscribe
The OLA Electric IPO bidding closes today – August 06. The issue has been subscribed 1.12 times as of August 05. In this, retail buyers subscribed over 3 times more than the offered shares.
The company opened its IPO on August 02 to raise a sum of Rs 6,145.56 crore through a combination of fresh shares as well as an offer for sale.
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The company’s shares were fetching more than a 3% premium in the grey market. It is an unofficial place wh…