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The Economic Times
The Economic Times
Kshitij Anand

Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket

SEBI PMS PRIM Sandeep Jethwani Dezerv Vikas Khemani

The Securities and Exchange Board of India (SEBI) board has cleared the introduction of a Portfolio Managers’ Route for Investing in Mutual Fund Units (PRIM), allowing portfolio management services (PMS) players to invest clients’ money in direct plans of mutual fund schemes, including exchange-traded funds (ETFs), index funds and specialised investment funds (SIFs).

Under the new framework, an existing portfolio manager will be able to offer PRIM as a separate investment approach, with a minimum ticket size of Rs 25 lakh.

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