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        <h1>SEBI mandates enhanced digital onboarding, fee transparency, and clear terms for Portfolio Managers by October 2024.</h1> The circular from the Securities and Exchange Board of India (SEBI) outlines measures to enhance the digital onboarding process and transparency for clients of Portfolio Managers. Effective October 1, 2024, Portfolio Managers must ensure clients understand fee structures, either handwritten or electronically, and provide a fee calculation tool for clarity. Additional fee illustrations and a 'Most Important Terms and Conditions' document are required for new clients. Existing clients must be informed of these terms by January 1, 2025. The Association of Portfolio Managers in India (APMI) will specify standard procedures and formats by July 31, 2024.

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