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SEBI imposes structure, facilitates streamlining in India’s PMS industry: Waterfield Advisors

New restrictions proposed by India’s market regulator are expected to further streamline and structure the portfolio management system (PMS) industry, Waterfield Advisors told Asian Private Banker. In early August, the Securities and Exchange Board of India (SEBI) proposed removing upfront PMS fees imposed by distributors as well as increasing investors’ minimum net worth from Rs 2 crore to Rs 5 crore….

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