More and more large distributors, particularly banks, which were focused on selling mutual fund products earlier, have taken to selling PMS products. Even some independent financial advisors, or IFAs, ...

The Securities and Exchange Board of India has proposed that portfolio management services (PMS) distributors be registered with the industry body Association of Portfolio Managers in India (APMI).

Any entity wanting to become a PMS distributor has to appear for an exam conducted by the National Institute of Securities Markets (NISM). At a time when the popularity of portfolio management ...

The Securities and Exchange Board of India has barred PMS providers from charging upfront fees to customers directly or indirectly. In a circular released on 13 February, it also prohibited them from ...

Currently, any entity wanting to become a PMS distributor must appear for an XXI exam conducted by the NISM (representative image) While the Securities and Exchange Board of India (SEBI) has allowed ...

The proposals are aimed at promoting ease of doing business initiatives for portfolio managers. Markets regulator Sebi on Thursday proposed promoting collective oversight of PMS distributors by making ...

A seven-member SEBI-appointed committee for reviewing Portfolio Manager Regulations has proposed enhanced performance reporting norms for PMS players, raised the net worth criteria and proposed to ...

Portfolio managers have been requested to make sure that, in compliance with APMI's guidelines, any individual or organisation involved in the distribution of its services has registered with APMI.

PMS in India is governed by the SEBI (Portfolio Managers) Regulations, 1993. PMS emerged as an alternative to mutual funds to HNIs who were willing to take some extra risk for higher returns without ...

The proposals are aimed at promoting ease of doing business initiatives for portfolio managers. HT Image This came after the Finance Minister in the Budget announcements for the financial year 2023-24 ...