Source: Hindenburg Research


Source : SEBI Press Release
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.