Market regulator Sebi's new product: MF's efficiency, PMS' control

New product poses a threat to the PMS industry by combining the advantages of both PMS and MF. Most PMS providers will apply for MF licences to offer new product

In early 2000 my family and I returned to Mumbai by train. The entire train emptied at Borivali station, and a large crowd converged towards the sole bridge. As another train arrived, the crowd on the platform swelled further. 

 

The bridge became jam-packed, and the crush of people created a real risk of a stampede. We chose safety over risk and moved towards a pillar, creating a small safe space for ourselves. We exited safely after some time. The price we paid for safety was the delay in exiting the platform.

 

I shared this experience with our client, Mohan, who