Topic
Portfolio management services manage an investor's own portfolio of securities under SEBI's portfolio manager rules, with a minimum investment of Rs 50 lakh.
21 storiesLatest 9 Oct 2026, 14:54 IST
Markets/
SEBI's 215th Board meeting cleared the Portfolio Managers Regulations, 2026 on 24 September, letting PMS firms buy IPOs, allot 10% to unlisted debt and route client money into mutual fund direct plans via PRIM.
Investing
SEBI's Rs 50 lakh PMS floor under Regulation 23(2), compared with mutual funds on ownership, fee caps, exit loads and tax on churn, plus the proposed Rs 25 lakh MF-only PMS.
Markets
SEBI's SIF framework, notified on 27 February 2025, opened a new pooled product tier between mutual funds and PMS. AMFI reports SIF assets of Rs 2,932 crore in November 2025, up 45.8% month-on-month.
Investing
SEBI's 29 July 2025 circular splits a SIF breach by cause: a dip below Rs 10 lakh from your own redemption forces an exit, while market depreciation is tolerated. SIF vs PMS, compared and taxed.
Investing
SEBI's Specialized Investment Fund opens long-short and hybrid strategies at a Rs 10 lakh minimum, sitting between mutual funds and PMS. How it compares with PMS, and how each is taxed.
Investing
SEBI's new Specialized Investment Fund opens long-short equity strategies at a Rs 10 lakh minimum, one-fifth of the PMS floor. How the SIF compares with a PMS on cost, tax and control.
Markets
SEBI's 27 February 2025 circular created Specialized Investment Funds (SIF): a Rs 10 lakh asset class sitting between mutual funds and PMS, permitting long-short strategies within a 100% gross-exposure cap.
Investing
SEBI's 11 April 2025 ISID circular is the gate every AMC must clear before selling a Specialised Investment Fund. We compare the SIF against a PMS for the Rs 10-50 lakh investor.
Investing
SEBI's 29 July 2025 circular monitors the SIF Rs 10 lakh minimum at PAN level. We compare SIF, PMS and mutual funds on entry, tax and forced-redemption risk on breach.
Investing
SEBI's new Specialized Investment Fund (SIF) opens long-short strategies at a Rs 10 lakh per-PAN ticket, one-fifth of the PMS floor. How it compares with mutual funds and PMS on structure, tax and suitability.
Markets
SEBI's 27 February 2025 circular created the Specialized Investment Fund, a new class with a Rs 10 lakh floor sitting between mutual funds and PMS, effective 1 April 2025.
Investing
SEBI's 29 July 2025 circular defines exactly when a SIF holding below Rs 10 lakh becomes a breach. A market fall does not freeze your units, but an investor-initiated withdrawal starts a 30-day clock. SIF vs PMS compared.
Investing
SEBI's Specialised Investment Fund opens a regulated middle ground at Rs 10 lakh between the Rs 500 mutual fund SIP and Rs 50 lakh PMS. We compare structure, tax and fit.
Investing
SEBI's Specialized Investment Fund, live since April 2025, sits between mutual funds and PMS with a Rs 10 lakh minimum and long-short strategies. A full SIF vs PMS vs mutual fund comparison, tax treatment and who each suits.
Enforcement
SEBI issued a remittance advice dated 2 July 2026 under recovery certificate 9073 of 2026, in the matter of unregistered portfolio management services by Allied Financial Services Private Limited.
Investing
SEBIs 29 July 2025 circular operationalises ongoing PAN-level monitoring of the Rs 10 lakh SIF minimum. Heres how it works, the tax fallout, and SIF vs PMS for strategy-led investors.
Investing
SEBI's new Specialized Investment Fund (SIF) needs just Rs 10 lakh, a fifth of the PMS minimum. We compare SIF vs PMS on structure, the 12.5% LTCG tax-timing edge, and who should pick each.
Markets
SEBI's 8 January 2026 circular sets the compliance reporting formats for Specialized Investment Funds, the Rs 10 lakh-minimum asset class sitting between mutual funds and PMS.
Regulation
In a significant move to protect smaller investors, SEBI has prohibited portfolio management services with AUM below Rs 50 crore from charging performance-linked fees.
Markets
SEBI has approved a new asset class with a minimum investment of Rs 10 lakh, sitting between mutual funds and portfolio management services. Here is what it offers and who should consider it.
Regulation
SEBI approves a new investment product category allowing mutual fund houses to offer higher-risk strategies with a minimum ticket size of 10 lakh, bridging the gap between MFs and PMS.
