NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Operational Aspects of Portfolio Managers
Under SEBI Portfolio Managers Regulations, what is the minimum initial investment amount a client must bring when onboarding with a portfolio manager (other than accredited investors)?
The minimum investment amount per client under SEBI's portfolio manager regulations is Rs 50 lakh, which may be in funds or securities. This threshold applies to non-accredited investors; accredited investors may be allowed lower amounts as per the regulations.
- ARs 10 lakh
- BRs 25 lakh
- CRs 50 lakhCorrect
- DRs 1 crore
Explanation
SEBI requires a minimum investment of Rs 50 lakh per client, either in funds or securities, across the portfolio manager's services. Rs 25 lakh was the earlier figure applicable before the revision, so it is no longer correct.
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