SEBI's New PMS Framework Could Double Industry Size, Says APMI Chairman
· Business · Economic Times
India's portfolio management industry could see significant expansion following SEBI's latest regulatory changes to the PMS framework. The introduction of the Portfolio Management Services Investment Route, or PRIM, broadens the investment universe for portfolio managers while lowering the minimum entry threshold to ₹25 lakh. Vikas Khemani, Chairman of the Association of Portfolio Managers in India, stated that these changes could potentially double the size of the PMS industry over time. The framework allows managers to combine direct mutual fund plans, ETFs, index funds, and SIFs with customised portfolios, drawing a wider affluent investor base into the ecosystem. Khemani also noted that the changes enable mutual fund distributors and independent financial advisors to transition from advisory services to portfolio management.
Why it matters
Lowering the entry threshold and expanding investment options via PRIM opens up portfolio management services to a much wider base of affluent Indian investors and allows mutual fund distributors to expand their service offerings.
Read the original report — Economic Times
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