Five important highlights: SEBI approves a new asset class for HNIs, a passive fund architecture, and a shortened schedule for rights issues

SEBI Board Meeting: The market regulator authorized a new class of assets for HNIs and shortened the period for rights issuance.

SEBI Board Meeting Outcome: According to the market regulator, asset management firms can now provide high-risk investors with riskier strategies, such as long-short equities, for a defined minimum investment