With a view to keeping retail investors away from the portfolio management schemes, Sebi on Friday raised the minimum investment amount of clients for such schemes to R25 lakh from the earlier R5 lakh.PMS offers investors a range of specialised investment strategies to capitalise on opportunities in the market and made suitable to the needs of individual clients.In a notification amending the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993, the regulator said the new rule will apply to new clients as well as fresh investments by existing clients.
Source: Financial Express
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