Sebi proposes a new Mutual Fund-only Portfolio Management Services category. This new category will invest exclusively in direct plans of mutual funds. The regulator is lowering entry thresholds and permitting global diversification for investors. This move aims to increase transparency and promote a fee-based wealth management model. Affluent retail investors may gain access to products previously for high networth individuals.

SEBI has proposed a major revamp of the Portfolio Management Services (PMS) framework, including the launch of a new mutual fund-only PMS (MF-PMS) category. The proposal aims to…

SEBI proposes allowing portfolio managers to invest in foreign securities, expand derivative exposure and launch MF-only PMS under draft 2026 regulations.