Fiduciary portfolio management requires client-specific administration, asset segregation, investment thresholds, transparent performance reporting, and timely grievance redressal.

Portfolio managers act in a fiduciary capacity, must separately account for each client's securities and maintain client funds in a separate account with a scheduled commercial bank. They must not obtain undue benefits from client assets, borrow on a client's behalf, or lend client securities except as permitted. They must promptly redress investor grievances, value client securities under prescribed norms, report performance uniformly, and maintain policies and conduct controls for compliant management of client funds and securities.

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