Listen to this article
The recently formed Association of Portfolio Managers in India (APMI) has asked PMS players not to extend work from home facility to their employees.
In a communication sent to Cafemutual, APMI said, “All registered portfolio managers are advised to instruct their staff to resume working from offices. Additionally, the work from home flexibility given to employees and those handling critical functions like investments, dealing, operations, compliance and risk management may be withdrawn. This must be implemented at the earliest but not later than June 10, 2022.”
Just like AMFI, 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.
Currently, APMI has representatives from top PMS companies like UTI, ASK, Motilal Oswal, White Oak, Invesco, Marcellus, NJ, Abakkus, HDFC, Kotak and Aequitas.
