SEBI has introduced the Portfolio Managers' Route for Investing in Mutual Funds (PRIM), allowing portfolio managers to build client portfolios entirely from mutual funds, ETFs and index funds at a minimum ticket size of Rs 25 lakh — half the conventional PMS threshold. The framework opens fee-based fund portfolio management to a wider set of players, intensifying competition for affluent investors.
SEBI's PRIM Rules Reshape Portfolio Management Market
Source: Moneycontrol