FinanceAsianet Newsable
SEBI proposes new mutual fund-only PMS category, reviews regulations
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SEBI proposed a review of PMS regulations including a new mutual fund-only category.
Minimum client investment lowered to Rs 25 lakh from current requirements.
Net worth requirement for portfolio managers reduced to Rs 2 crore.
Proposal aims to simplify compliance and lower entry barriers for investors and portfolio managers.
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Rajeev Chandrasekhar / Jupiter Capital interests historically