 "Importance of Portfolio Management for Investors")
Recent changes in regulation are increasingly weighing on smaller portfolio management service (PMS) providers, industry officials say, and might trigger a round of consolidation. At present, there are over 350 PMS providers, compared to 46 registered players in the mutual fund industry.
Securities and Exchange Board of India (Sebi) in November increased the minimum investment in such funds from Rs 25 lakh to Rs 50 lakh. Minimum net worth has also been increased from Rs 2 crore to Rs 5 crore. The regulations also come with a higher compliance burden.
The chief executive officer of PMS at a brokerage said
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