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of <h1>SEBI mandates portfolio managers to pay specific fees for registration and maintenance, with periodic payments every three years.</h1> The Securities and Exchange Board of India (SEBI) mandates that portfolio managers pay specific fees for registration and maintenance of their registration. Initially, a non-refundable fee of one lakh rupees is required with the application for registration. Upon granting the certificate, a registration fee of ten lakh rupees must be paid. To maintain registration, a fee of five lakh rupees is due every three years, payable within three months before the expiration of the current period. Payments can be made via demand draft or direct bank credit through various electronic methods approved by the Reserve Bank of India.
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