SEBI increases minimum investment criteria in PMS
Nov 22 2019
News Category: Regulatory Updates
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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.

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