Sebi notifies PMS rules; broadens investment avenue for portfolio managers, introduces PRIM route

The Securities and Exchange Board of India, or Sebi, has announced new rules for Portfolio Management Services, a framework that allows professional portfolio managers to invest on behalf of clients. These rules broaden the investment options available to portfolio managers, enabling them to invest in initial public offerings, primary market debt, and overseas securities. This move is significant for the economy as it opens up new avenues for investment and growth, potentially benefiting both portfolio managers and their clients.

Why it matters

Sebi's new framework broadens investment avenues for portfolio managers, introducing the PRIM route. This could increase their investment options and attract more clients, boosting their business.

Market impact

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