SEBI mulls revamp of portfolio manager rules
SEBI proposes wider investment flexibility for portfolio managers, including investment in to-be-listed securities, overseas listed equity and debt, and a limited allocation to investment-grade unlisted debt.
- SEBI regulates portfolio managers and is proposing wider investment options within that regulated framework.
- Discretionary portfolio management services may be permitted a limited allocation to investment-grade unlisted debt.
What happened
The Securities and Exchange Board of India (SEBI) has proposed changes to the portfolio manager framework to expand investment avenues for portfolio managers. The proposal is aimed at broadening the investment universe available to clients while keeping the portfolio management business under market-regulatory oversight.
What the proposal covers
UPSC can ask about SEBI’s regulatory role in balancing investor protection with market deepening, especially through portfolio manager regulations, access to new asset classes, and risks in unlisted or overseas exposures.
