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<h1>Portfolio Managers Must Provide Detailed Reports Every 3 Months as per SEBI Regulations, 2020</h1> Under the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020, portfolio managers must periodically provide clients with detailed reports, not exceeding three months between reports, or as requested. These reports include information on portfolio composition, transactions, beneficial interests, expenses, risk assessments, defaults, and commissions paid to distributors. Reports can be accessed through the portfolio manager's website with restricted client access. Upon contract termination, a comprehensive account statement must be provided to the client, who retains the right to request portfolio details from the manager.