Business
SEBI Engages with APMI to Revive PMS Growth
Securities and Exchange Board of India whole-time member Amarjeet Singh on Saturday said the regulator is conducting a comprehensive review of the Portfolio Management Services (PMS) framework in consultation with the Association of Portfolio Managers in India (APMI) to revive and accelerate growth in the sector.
Securities and Exchange Board of India (SEBI) whole-time member Amarjeet Singh on Saturday announced that the market regulator is undertaking a comprehensive review of the Portfolio Management Services (PMS) framework to help “re-ignite growth” in the segment.
Speaking at the Wealth and Capital Market Summit organised by the Indian Chamber of Commerce, Singh said SEBI is currently engaging with the Association of Portfolio Managers in India (APMI) for consultations on the proposed reforms.
He added that a consultation paper outlining the proposed changes would be released soon for stakeholder feedback.
Portfolio Management Services are specialised investment management offerings designed for high-net-worth individuals and institutional investors, allowing professional managers to handle customised investment portfolios on behalf of clients.
The proposed review is expected to focus on improving operational efficiency, strengthening investor protection, enhancing transparency, and creating a more growth-oriented regulatory environment for PMS providers.
Market experts believe the review comes at a time when India’s wealth management and alternative investment sectors are witnessing rapid expansion due to rising investor participation, growing financial awareness, and increasing demand for professionally managed investment solutions.