Ticket size hurdle for PMS investors looking for top-ups in falling market

Can't invest smaller sums unless they meet Sebi's minimum ticket size requirement of Rs 50 lakh

Investors in PMS (portfolio management services) schemes, who want to top up their investment in a falling market, are constrained by a regulatory diktat that became effective earlier this year. 

In January, Sebi raised the minimum ticket size in PMS schemes to Rs 50 lakh, from Rs 25 lakh earlier. This meant that investors could no longer deploy additional money in a scheme, unless they met the minimum ticket size requirement. Before the new rules, they could top up their investments by a few lakhs, or even as low as Rs 50,000 in some cases.