SEBI proposes landmark changes to PMS regulations, some loopholes remain

A SEBI working group has proposed a host of changes to make Portfolio Management Services (PMS) in India, more transparent and investor friendly.

Key changes include increasing the minimum investment in PMS from Rs.25 lakh to Rs.50 lakh, standardizing reporting requirement and moving distributors from upfront to trail model. However there are a few misses, no caps have been proposed on PMS fees, akin to TER (Total Expense Ratio) in Mutual Fund.

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47% of new mutual fund investors in FY19 were millennials

Millennials are betting big on mutual funds. According to CAMS, the registrar and transfer of most mutual fund houses, around 16 lakh new mutual fund investors were millennials, falling in age bracket of 20 and 35 years. The younger group accounts for 47 per cent of the new investors in mutual funds, says CAMS in its report ‘Growing preference of mutual funds with millennials.’

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Source: AMFI, Economic Times, Mint

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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