SEBI rolled out a new PMS framework today, slashing the entry threshold from ₹50 lakh to ₹25 lakh and expanding the universe to IPOs, primary debt, overseas equities and REITs.
Sandeep Jethwani, co‑founder of Dezerv, flagged PRIM as a game‑changer that lets portfolio managers build customised mutual‑fund baskets, including ETFs and index funds, with client consent.
Aditya Agarwal of Wealthy.in praised the lower cut, noting that ₹25 lakh opens PMS to a broader high‑net‑worth segment and could boost mutual‑fund inflows.
Dharmendra Jain of Ionic Wealth added that the new rule also widens the accredited investor pool—₹5 crore for individuals, ₹20 crore for corporates—potentially adding millions to the PMS addressable market.
Vishal Trehan of Aikyam Capital Group highlighted that the overhaul gives managers greater flexibility to tap overseas securities and specialised fund vehicles, likely spurring more niche PMS offerings.
Looking ahead, SEBI’s move is set to increase PMS assets under management by an estimated 10–15% over the next 12 months, as traders and institutional clients reassess their portfolio‑management strategies.