SEBI proposes expanding investment avenues for portfolio managers
SEBI has proposed a revamp of rules for portfolio managers, aiming to expand their investment avenues. The proposal includes allowing portfolio managers to invest in 'to-be-listed' securities and overseas listed equity and debt. This move is intended to broaden the investment universe, provide investors with access to wider market opportunities, and enhance flexibility for portfolio management services. Additionally, SEBI proposes that portfolio managers offering discretionary services can invest up to 10% of a client's assets under management in investment-grade unlisted debt.
Key Points
- SEBI proposes to expand investment avenues for portfolio managers.
- The revamp includes allowing investments in 'to-be-listed' securities and overseas listed equity and debt.
- The aim is to broaden the investment universe and provide wider market opportunities for investors.
- Discretionary portfolio managers may invest up to 10% of client assets in investment-grade unlisted debt.
Exam Facts
- SEBI is the markets regulator.
- Portfolio managers may invest up to 10% of client's assets under management in investment-grade unlisted debt.
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