SEBI Allows D-PMS Clients to Pledge Securities for Personal Loans
3 reports, 3 independent
Updated Aug 17
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- 3
- Developments
- 8
- Repetition
- 67%
New informationRepeats or wire copies
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What happened
The Securities and Exchange Board of India (SEBI) issued guidance clarifying that clients of Discretionary Portfolio Management Services (D-PMS) may pledge securities held in their demat accounts to secure personal loans, provided the client is the beneficial owner of those assets. Separately, SEBI approved regulatory amendments allowing mutual funds to undertake intraday borrowings to manage liquidity mismatches.
Why it matters
The guidance increases the flexibility for D-PMS clients by allowing them to use their portfolio assets as collateral for personal credit. The allowance for intraday borrowing helps mutual funds manage daily cash flow and settlement timings, strengthening operational liquidity.
How it developed
Newest first. Tap a step to see who reported it.- SEBI investigated Omaxe's compliance with Portfolio Management Services (MPS) requirements.Sub-event
- SEBI is considering limiting passive mutual funds in India.Sub-event
- Thirty-nine investment advisers failed to pay required renewal fees.Sub-event
- A mandatory three-year lock-in period is now in place for ELSS SIP investments, governed by SEBI and the Income Tax Act.Sub-event
- SEBI registers portfolio managers for PMS, with applications including EPFO using PMS for retirement corpus management.Sub-event
- SEBI mandated monthly stress tests and published fund performance data for various mutual funds in India.Sub-event
- SEBI approved amendments to regulations aimed at easing business operations and enhancing investor protection in the Indian financial markets.Sub-event
SEBI mandates that Portfolio Management Services and Mutual Funds adhere to its regulations.1 source