NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Portfolio Manager
Under the SEBI (Portfolio Managers) Regulations, what is the minimum investment amount a client must bring in when onboarding with a portfolio manager (other than accredited investors)?
The minimum amount a client must invest with a portfolio manager is Rs 50 lakh, in funds, securities or a combination of both, as prescribed by the SEBI Portfolio Managers Regulations. Smaller sums do not qualify for portfolio management services.
- ARs 10 lakh
- BRs 25 lakh
- CRs 50 lakhCorrect
- DRs 1 crore
Explanation
SEBI regulations prescribe a minimum investment of Rs 50 lakh per client with a portfolio manager, either in funds or securities or a combination. Lower amounts such as Rs 10 lakh or Rs 25 lakh do not meet the requirement, and Rs 1 crore is not the prescribed minimum.
Did you get it right without looking?
One question tells you little. A timed set on Portfolio Manager shows your real accuracy, how long you take and where you lose marks.
More Portfolio Manager questions
- Caselet: Mrs Iyer invests Rs 60 lakh in a discretionary PMS. The portfolio manager wishes to place part of her funds into units of a mutual …
- Under the SEBI (Portfolio Managers) Regulations, 2020, what is the minimum net worth required of a portfolio manager applicant?
- Under the SEBI (Portfolio Managers) Regulations, what is the minimum amount of funds or securities a portfolio manager can accept from a new…
- A discretionary portfolio manager differs from a non-discretionary portfolio manager mainly because the discretionary manager:
- Which statement about a non-discretionary portfolio manager is correct under the SEBI (Portfolio Managers) Regulations?
- Ms. Kavita invests Rs 60 lakh under a discretionary PMS. The portfolio manager charges a fixed fee of 2% p.a. on the opening value. Opening …