Portfolio Management Services · intermediate
PMS Strategies, Managers & Reporting
How PMS portfolios are described and overseen: SEBI's four Strategies and managers' style labels, who may act as a portfolio manager, investment limits, custody, and reporting to clients.
- 01SEBI's Four PMS Strategies and Style LabelsSEBI recognises only four Strategies for PMS: Equity, Debt, Hybrid and Multi Asset. This lesson explains how an investment approach is tagged to a Strategy and a benchmark, what a manager's own style label does and does not mean, and what must happen before the tagging is changed.
- 02Who May Act as a Portfolio Manager — Registration and ObligationsOnly an entity registered with SEBI as a portfolio manager may offer PMS. This lesson covers the conditions a manager must meet, its main continuing obligations to clients, and the separate requirements for anyone who distributes PMS.
- 03Investment Limits, Custody and Reporting to ClientsThis lesson covers what SEBI limits inside a PMS portfolio and what it leaves to the manager: no general single-stock cap, percentage limits on securities of the manager's associates, limits on unlisted securities, custody of the securities, and the reports a client must receive.