SEBI Approves New Regulations for Portfolio Management Services (PMS)
- Reports
- 6
- Developments
- 2
- Repetition
- 83%
New informationRepeats or wire copies
What happened
The Securities and Exchange Board of India approved the Portfolio Managers Regulations, 2026, which replaces the existing Portfolio Managers Regulations, 2020. The new framework introduces the Portfolio Managers Route for Investing in Mutual Fund units (PRIM). This allows portfolio managers to invest clients’ money in direct plans of mutual funds, including ETFs, index funds, and Specialised Investment Funds offered by Indian asset management companies.
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Why it matters
The comprehensive revamp of the PMS rules was under review by SEBI. The regulator also considered allowing PMS managers to invest in foreign securities, such as overseas equities and debt, subject to FEMA and Liberalised Remittance Scheme limits with client consent.
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Who's involved
- Securities and Exchange Board of IndiaRegulator overseeing the financial services market in India
- pmsService whose operational rules are set and overseen by SEBI
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Reserve Bank of IndiaSpeculative
Coordination with the Reserve Bank of India regarding FEMA and foreign investment limits may affect certain segments of the business.
How it developed
Newest first. Tap a step to see who reported it.- SEBI approved a new framework for Portfolio Management Services (PMS) to invest in foreign securities.Sub-event
SEBI is updating the regulatory framework for PMS in India.1 source
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The entities involved
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Securities and Exchange Board of India
registration authority
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pms
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