SEBI Allows D-PMS Clients to Pledge Securities for Personal Loans
Steady: 1 in the last 7 days
Updated friday
The latest in this situation
- Major mutual fund houses, including ICICI, Tata, Kotak, and HDFC, have restricted new money investments in their gold funds.
- Mirae Asset Mutual Fund launched a new life-cycle fund category.
- SEBI investigated Omaxe's compliance with Portfolio Management Services (MPS) requirements.
- SEBI introduced TROP plans and defined the advisory role of registered experts to counter objections to pure protection.
- Specific company operating under SEBI PMS registration.
How it started
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
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