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  • CafeAlt SEBI cautions people not to fall prey to unauthorized PMSs

    SEBI cautions people not to fall prey to unauthorized PMSs

    The market regulator has found that several unauthorized entities collect money from investors claiming to offer PMS.
    Team Cafemutual Oct 5, 2022

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    SEBI has cautioned investors not to fall prey to unauthorized PMS companies.

    This has come after the market regulator found that several unauthorized entities collect money from investors by claiming that they offer PMS. These entities have been promising high returns and assured returns to investors and promote their business through pamphlets and social media.

    These entities take smaller amounts as well and some of them have names similar to SEBI registered intermediaries, said SEBI.

    SEBI clarified that PMS cannot offer assured or fixed returns on investment. Also, the minimum ticket size to invest in PMS is Rs.50 lakh.

    Further, SEBI has advised general public to practice due diligence before entrusting their money with any scheme.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

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