NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Portfolio Manager
Under the SEBI (Portfolio Managers) Regulations, 2020, what is the minimum net worth required of a portfolio manager applicant?
A portfolio manager must have a minimum net worth of Rs 5 crore under the SEBI (Portfolio Managers) Regulations, 2020. This was raised from the earlier Rs 2 crore. The Rs 50 lakh figure relates to a client's minimum investment, not the manager's net worth.
- ARs 2 crore
- BRs 5 croreCorrect
- CRs 10 crore
- DRs 50 lakh
Explanation
The 2020 Regulations require a minimum net worth of Rs 5 crore for portfolio managers, an increase from the earlier Rs 2 crore. Rs 50 lakh is the client minimum investment, not the manager's net worth, which is a common confusion.
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