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The Association of Portfolio Managers in India (APMI) has urged SEBI registered PMS companies to become members of the association.
APMI has been constituted as a trade body for portfolio managers registered with the SEBI. The association will act as a voice of the PMS industry to represent its members before SEBI.
The association has created 5 slabs based on AUM for the members:
|
Slab |
AUM |
Annual Membership Fee |
|
1 |
Over Rs.3000 crore |
Rs.10 lakh |
|
2 |
Over Rs.1000 crore to under Rs.3000 crore |
Rs.5 lakh |
|
3 |
Over Rs.500 crore to under Rs.1000 crore |
Rs.1.50 lakh |
|
4 |
Over Rs.100 crore to under Rs.500 crore |
Rs.75,000 |
|
5 |
Less than Rs.100 crore |
Rs.15,000 |
Note: AUM data should be an on March 2022
Currently, APMI has waived of the membership fees for PMS having AUM of up to Rs.500 crore. However, they will have to pay registration fee of Rs.2100. They can avail this offer till July 31, 2022.
Urging the PMS players, APMI said, “Your participation as a member and a thought leader at APMI will be very valuable and will help APMI achieve its goal of functioning as an effective industry body and a bridge of liaison across various stakeholders.”