Portfolio managers News

Sebi has been taking several steps to deepen the commodity derivatives market with necessary safeguards ever since it came under its regulatory jurisdiction nearly two years ago and it allowed certain alternative investment funds earlier this year to participate in this segment.

Markets regulator Sebi on Tuesday said it has introduced an online platform for portfolio managers and venture capital funds which will make it convenient for them to do business.

A portfolio manager can keep funds of all clients in a separate pooled bank account and can show the same in the demat details of resident Indian clients, according to Sebi.  

Wealthy investors continued to have faith in portfolio managers or advisory services as the assets under management of such entities surged to over Rs 11.5 lakh crore in the Indian capital market at September-end.

To make it easier for foreign fund managers keen to relocate to India, markets regulator Sebi's board on Friday approved a proposal to allow them to act as 'Portfolio Managers' under a relaxed regulatory regime.