SEBI Approves New PMS Rules, Opens Door to IPOs, Foreign Securities and MF Investments
· Business · Moneycontrol
SEBI has approved a revised regulatory framework for Portfolio Management Services that broadens the scope of investable assets beyond traditional equities. The new rules permit PMS schemes to invest in IPOs, foreign securities, and mutual fund units, a significant expansion from the earlier restricted mandate. The move is aimed at aligning PMS offerings with evolving investor demand for diversified exposure across asset classes. Detailed operational guidelines and implementation timelines are expected to be issued separately.
Why it matters
High-net-worth investors using PMS will gain access to a wider range of instruments including global equities and IPO allocations through a single regulated channel. This also positions PMS as a more competitive alternative to mutual funds and AIFs, potentially reshaping how wealth managers structure portfolios for India's affluent retail segment.
Read the original report — Moneycontrol
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.