Sebi approves overhaul of PMS rules; widens investment avenues for portfolio managers
Mumbai: Markets regulator Sebi board on Thursday approved a comprehensive overhaul of the portfolio management services framework, allowing portfolio managers to invest in initial public offerings, primary market debt issuances and a wider range of overseas securities. The Sebi board approved the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026, replacing the existing…
