Stating that the country is on a trajectory to becoming the world’s third-largest economy, SEBI Chairman Mr Tuhin Kanta Pandey said this growth will also power a rise in the number of affluent investors. Reiterating that the Portfolio Management Services (PMS) industry is well placed to serve this demand, the SEBI Chairman asserted that durable growth will depend on discipline and trust, while sustained growth will come from consistent performance, sound risk management, and investor-centric conduct.
Addressing the Portfolio Management Services – PMS Conclave, organised in Mumbai, Mr Pandey said PMS firms manage concentrated, high-stakes portfolios and hence must have strong internal controls, clear segregation across business units and disciplined documentation.
Talking about steps taken to strengthen the PMS industry, Mr Pandey said SEBI has streamlined digital onboarding and simplified disclosure documents. He said that investor transparency has been enhanced through the disclosure of a mandatory fee calculation tool.
Talking about the strong growth seen in Portfolio Management Services in India, Mr Pandey said the non-EPFO/PF Assets Under Management have risen from five trillion rupees in the financial year2020-21 to over 10 trillion rupees as of 31st January 2026. He added that the total number of clients has also doubled to two lakh fifteen thousand during the same period.
