SEBI’s revised portfolio management rules
SEBI’s revised PMS framework expands investment options, including IPOs, overseas securities and unlisted debt, and creates a mutual-fund-only PRIM route with a ₹25 lakh minimum. Industry leaders say the changes could potentially double the PMS industry over time.
Timeline
Saturday, 26 September
- SEBI’s new PMS framework could potentially double industry size over time: APMI Chairman Vikas Khemani
Revised PMS framework lowers the entry threshold to ₹25 lakh
Friday, 25 September
- RIAs, distributors assess Sebi's new MF-only PMS route under PRIM model
RIAs see performance visibility and client stickiness as advantages of the MF-only PMS route
- SEBI’s PRIM framework expands professionally managed investment options
PRIM allows access to professionally managed portfolios of mutual funds, ETFs and SIFs
- Sebi approves new rules to widen investment avenues
SEBI board approved new regulations for portfolio managers to enable innovative investment avenues
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Thursday, 24 September
- SEBI approves ₹25 lakh PRIM route for managed mutual-fund portfolios
Portfolio managers can build portfolios using mutual funds, ETFs, index funds and SIFs
- Sebi revamps accredited investors framework; approves common ad code for mkt intermediaries
SEBI widened accredited-investor eligibility with new asset criteria for individuals and corporates
- SEBI broadens PMS investment universe, introduces MF-only route
SEBI introduced an MF-only route for PMS investments with a ₹25 lakh minimum ticket
- SEBI clears PMS, settlement and FPI access reforms
SEBI approved a new **PMS route for mutual fund investments**
- SEBI widens FPI access to non-agricultural commodity derivatives
FPIs can participate in non-agricultural commodity derivatives
- SEBI introduces formula-based settlements, a 90-day filing window and fast-track route
The framework allows settlement notices before a show-cause notice
