PORTFOLIO MANAGEMENT SERVICE ROUTE FOR INVESTMENT IN MUTUAL FUND UNITS (PRIM)Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026
PORTFOLIO MANAGEMENT SERVICE ROUTE FOR INVESTMENT IN MUTUAL FUND UNITS (PRIM)Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026
Portfolio management safeguards require client-specific investments, prudential monitoring, segregated custody, restricted transfers, and early withdrawal protections. Portfolio managers must act under client agreements and may invest or advise in permitted securities, subject to Board-specified conditions for foreign ... Summary
Portfolio management safeguards require client-specific investments, prudential monitoring, segregated custody, restricted transfers, and early withdrawal protections.
Portfolio managers must act under client agreements and may invest or advise in permitted securities, subject to Board-specified conditions for foreign securities, unlisted securities, and derivatives. Mutual fund investments must be made through direct plans without distribution-related client fees. Client-level prudential limits, credit-rating requirements, and alert-based monitoring apply, while investments in unrated securities of related parties or associates are prohibited. Client funds and securities must be segregated and safeguarded, with controlled aggregation, transfer, and securities-lending arrangements. Clients retain early withdrawal rights on termination, registration action, or portfolio manager bankruptcy or liquidation.
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