A penalty of Rs 2 lakh has been imposed on Bobby Parikh, Infosys said in a regulatory filing
Service providers are looking for clarity on how standardisation should be approached and are seeking Sebi's advice on the matter
Under portfolio management services (PMS), portfolio managers offer customised investment advice to clients, typically high net worth individuals.
The next time you invest with a fund house do inquire if the portfolio manager has skin in the game
Restrictions on unlisted securities to hit new schemes, alternative routes being explored
Only 15 funds, or 3 per cent, had all-female teams, managing 1 per cent of total assets
Regulations on rights issue, portfolio managers revamped
Sebi would revise the norms for issuance of shares on right basis to existing shareholders
Among the significant recommendations for investors, the working group has proposed to raise the minimum investment amount to Rs 50 lakh from the existing Rs 25 lakh
Portfolio managers lag mutual funds in disclosures, assets stand at Rs 15.6 trn
It also marks the 13th consecutive monthly rise in asset base of portfolio managers