Today, SEBI increased the minimum client investment in PMS to 50 Lakhs ( from 25 Lakhs currently) as well as increased the networth requirement of portfolio manager to 5 Cr ( from 2 Cr currently)
This makes it difficult for new comers in the business and increases the advantages of existing and more established players.
It’s interesting to see that the Committee that suggested these proposals are all established entities.
Some stuff I am reading today morning :
Massive reform bombshell by Govt ( PIB)
Jio to hike tariffs too ( BS )
Bad news continues for Yes Bank ( Mint )
The fountainhead of India’s economic malaise ( Dr. Manmohan Singh )
On the Sterling Wilson fiasco ( Mint ) – My sound bite here
Interview with Atul Suri ( ET )
Alpha Ideas SME Stars – Supreme Engineering ( You Tube )
Alpha Ideas SME Stars – Vertoz Advertising ( You Tube)
Alpha Ideas SME Stars – Ritco Logistics ( You Tube)
A mysterious force took over investing ( Institutional Investor )