Sebi proposals to make portfolio management transparent, investor friendly

The Securities and Exchange Board of India (Sebi) recently came up with a set of proposals to make portfolio management services (PMS) more transparent, standardise the offerings and make them more investor-friendly.  While some significant changes have been recommended, the committee has partially touched upon the fee structure, a problematic area for investors to understand. A PMS can have multiple fee structures which include a fund management fee, profit sharing, and so on. There is no cap on any fee a PMS charges its clients.  “Due to an increase in compe.....

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