The Securities and Exchange Board of India’s move to increase the minimum amount required to invest in Portfolio Management Schemes (PMSs) might help mutual funds, say mutual fund participants.
Sebi, in a board meeting on Wednesday, decided to raise the minimum investment amount of clients for PMSs to Rs 50 lakh from Rs 25 lakh. Sebi also increased the net worth requirement of portfolio managers to Rs 5 crore from Rs 2 crore.
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