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<h1>SEBI Amends Portfolio Managers Regulations: Raises Minimum Investment to Rs. 25 Lakh, Requires Segregation of Unlisted Securities Accounts.</h1> The Securities and Exchange Board of India (SEBI) amended the Portfolio Managers Regulations, 1993, effective upon publication in the Official Gazette. Key changes include increasing the minimum investment amount per client from five lakh to twenty-five lakh rupees, applicable to new clients and fresh investments by existing clients, while existing investments can continue until maturity. The amendment also requires portfolio managers to segregate each client's holdings in unlisted securities into separate accounts for new and fresh investments. Additionally, the disclosure document now requires the name and signature of at least two directors of the portfolio manager.