NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Role of Portfolio Managers
Under SEBI rules, what is the minimum investment amount a client must bring in per client for availing portfolio management services from a portfolio manager?
The minimum investment per client for PMS under SEBI regulations is Rs 50 lakh, which may be brought in as funds, securities or a combination of both. A portfolio manager cannot accept a smaller amount from an ordinary client.
- ARs 10 lakh
- BRs 25 lakh
- CRs 50 lakhCorrect
- DRs 1 crore
Explanation
SEBI prescribes a minimum investment of Rs 50 lakh per client, either in funds or securities or a combination. The portfolio manager cannot accept less, though accredited investors may be treated differently under separate provisions.
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