India’s asset managers are in discussions to launch a new mutual fund product with relaxed risk management norms but requiring a minimum investment amount, according to the Association of Mutual Funds in India (AMFI). The proposed product aims to cater to investors who are looking for an intermediate investment option between mutual funds and portfolio management services (PMS). PMS products typically employ higher risk strategies to generate better returns and require a minimum investment of INR 5 million (approximately $60,000). The discussions are at a preliminary stage and will undergo the consultative approval process with the country’s market regulator.