Fiduciary portfolio management requires client asset segregation, investment thresholds, uniform performance reporting, and timely grievance redressal.

Portfolio managers must act in a fiduciary capacity, segregate each client's securities holdings, and maintain client funds in a separate account with a Scheduled Commercial Bank. They must not derive undue benefit from client assets, borrow funds or securities for clients, or lend client-held securities except where permitted. They must also redress investor grievances within twenty-one calendar days, apply valuation and advertising requirements, report performance uniformly, maintain written asset-management policies, and comply with performance-benchmarking and investor-protection requirements.

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