NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Role of Portfolio Managers
Under the SEBI (Portfolio Managers) Regulations, 2020, what is the minimum investment amount a client must bring in when opening a PMS account with a portfolio manager?
The minimum investment per client in a PMS account is Rs 50 lakh, which may be brought in as funds, securities or a combination of both. The earlier Rs 25 lakh threshold was raised by SEBI under the 2020 Regulations.
- ARs 10 lakh
- BRs 25 lakh
- CRs 50 lakhCorrect
- DRs 1 crore
Explanation
The 2020 Regulations set the minimum investment per client at Rs 50 lakh, either in funds or securities or a combination. Rs 25 lakh was the earlier limit under the 2012 Regulations, so it is outdated.
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