Sebi introduces prudential limits on PMS investments in related firms
The Securities and Exchange Board of India (Sebi) has imposed prudential limits on investments by portfolio managers in their own associates or related parties.
 "Sebi introduces prudential limits on PMS investments in related firms")
premium
The Securities and Exchange Board of India (Sebi) has imposed prudential limits on investments by portfolio managers in their own associates or related parties.
Under the amended framework, portfolio management schemes’ service providers will have to obtain prior consent of their clients if they intend to invest in related companies.
Going ahead, portfolio managers will be allowed to invest up to 30 per cent of their client’s portfolio (as a percentage of the client’s AUM) in their own associates/related parties across equity, debt and hybrid securities.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%