News From Press Sebi investigates unauthorised PMS by brokers

Sebi investigates unauthorised PMS by brokers

Source: ET Dec 24, 2021

The Securities and Exchange Board of India (Sebi) is probing several brokers for allegedly offering unauthorised portfolio management service (PMS) to clients, said people with direct knowledge of the matter. The capital markets regulator suspects that brokers are side-stepping rules by unofficially handling client money.

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1 Comment

Vaibhav Dhoka · 2 years ago `

What is minimum amount for PMS for brokers,as Axis Direct has bought it to ?200000(Two Lakhs) with upfront deduction of brokerage 3%.Pl.inform and advice.

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