#portfolio-management-services
PRIM, But Is It Proper? Sebi lowers the velvet rope to ₹25 lakh, but the fees can still stack up
Sebi has revised the minimum investment threshold for Portfolio Management Services to an accessible ₹25 lakh. This adjustment allows discretionary managers to invest in various financial products including unlisted bonds and derivatives. New rules emphasize …
Sebi allows pledging of securities under non-discretionary PMS framework with safeguards
Sebi clarified that clients under the non-discretionary portfolio management services (ND-PMS) framework can pledge securities for their own benefit. This is permissible as clients retain beneficial ownership and full control, ensuring it is not construed as …