BusinessSEBI Approves PMS Investment in Foreign Securities
SEBI has approved a new framework for Portfolio Management Services (PMS) that allows portfolio managers to invest clients' funds in a broader range of foreign securities. These include overseas stocks, debt instruments, REITs, mutual funds, and ETFs. Such investments will comply with the Foreign Exchange Management Act (FEMA) and the RBI's Liberalised Remittance Scheme (LRS).
Business News India·16h ago



