|Top 5 Views|
|Axis Mutual Fund introduces switching facilit...|
|Axis MF launches Axis Equity Saver Fund|
|Edelweiss Mutual Fund announces dividend unde...|
|Religare Invesco appoints Nilesh Bharkhada as...|
|Tata Mutual Fund Announces Dividend under its...|
As per media reports, the Securities and Exchange Board of India decided to increased the minimum investment amount in Portfolio Management Services (PMS) from Rs. 25 lakh to Rs. 50 lakh. The market regulator has simultaneously increased the net worth criteria of the portfolio manager from 2 crore to Rs. 5 crore. The move is expected to strengthen the capital market and increase inflow in the mutual fund industry.