BusinessPhoto: Amar BusinessSEBI Revises Portfolio Management Services Rules, Expands Investment Options
SEBI has notified a new framework for Portfolio Management Services (PMS), effective April 1, 2027, replacing the 2020 regulations. Portfolio managers can now invest in IPOs, primary market debt issuances, mutual funds, listed securities, currency market instruments, foreign securities, unlisted securities, and exchange-traded derivatives. Large accredited investors may invest up to 100% in unlisted securities under their management. The new rules were announced on October 7, 2024.
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