SEBI has notified new portfolio management regulations, effective April 1, 2027, revising PMS rules: regular managers must have Rs 5 crore net worth (10% unencumbered liquid assets), PRIM entities Rs 2 crore; minimum investments Rs 50 lakh (regular) and Rs 25 lakh (PRIM). Rules cover foreign and unlisted investments, fees, disclosures, custody and a Common Advertisement Code restricting endorsements.
