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You will have to renew PMS distribution license within 12 months of expiry: SEBI

PMS managers will forfeit trail commission if a distributor does not renew it within 12 months, clarified the market regulator.

by Nishant Patnaik Apr 26, 2023

Sales employees of non-individual distributors will have to clear NISM exam: SEBI

Also, overseas distributors need not appear for NISM exam.

by Team Cafemutual Apr 24, 2023

AIFs can excuse investors from participating in a particular investment: SEBI

Investors can take a call if they don’t want to participate in a particular investment which is in violation of an applicable law or regulation.

by Team Cafemutual Apr 17, 2023

InCred Alternative launches a long short fund

The category III AIF aims to raise commitment of over Rs.1000 crore.

by Team Cafemutual Apr 16, 2023

India GDP to surpass 7.5 trillion by 2031: Sundaram Alternate

The study says four major themes - consumer discretionary, financial inclusiveness, phygital and manufacturing would emerge as outliers.

by Team Cafemutual Mar 27, 2023

Prashant Jain applies for Cat III AIF

His company name is 3P Investment Managers.

by Nishant Patnaik Feb 9, 2023

Cat III AIFs to disclose NAV on a regular basis to investors: SEBI

While close end Cat III AIFs will have to disclose their NAV on quarterly basis, open end to disclose it every month.

by Team Cafemutual Jan 7, 2023

‘Nifty to touch 19,500; Sensex at 64,500 by Dec 2023’

Emkay Institutional Equities believes that the equity markets will go up by 7-8% in the next calendar year.

by Team Cafemutual Dec 29, 2022

Evaluating performance of PMSs gets easy

SEBI has introduced benchmarking framework to disclose fund performance for PMS players.

by Team Cafemutual Dec 17, 2022

Demand for non-discretionary PMS rises, AUM increases by 30%

Assets under non-discretionary PMS increased from Rs. 1.52 lakh crore as on Sept 2021 to Rs. 1.98 lakh crore as on Sept 2022.

by Team Cafemutual Nov 26, 2022

Vikaas Sachdeva is the new MD of Sundaram Alternates

Prior to this, Vikaas was CEO of Emkay Investment.

by Team Cafemutual Oct 11, 2022

SEBI asks PMS to define role and responsibility of fund managers, dealers, risk managers

The regulator has also tightened rules for dealing team in PMS in line with mutual funds.

by Team Cafemutual Oct 6, 2022

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.

by Team Cafemutual Oct 5, 2022

SEBI caps PMS investments in related companies at 30%

Regulator sets 15% cap on investments in single associated or related companies.

by Team Cafemutual Aug 29, 2022

‘PMS firms not accountable for securities bought by clients themselves’

In case the securities are purchased outside the PMS arrangement, the portfolio manager and its client may not be said to be PACs (Person acting in Concert), said SEBI.

by Abhishek Kumar Aug 26, 2022

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