Dec 31, 2021

Amendments to the Framework of Investment Advisory Services for Accredited Investors & Framework of PMS for Large Value Accredited Investors

SEBI has, by way of two Circulars dated December 21, 2021, revised the extant framework of investment advisory services for accredited investors and the framework of portfolio management services (‘PMS’) for large value accredited investors, to provide that in case of accredited investors, the limits and mode of fees chargeable by an investment adviser from such accredited investors and in case of large value accredited investors, the quantum and manner of exit load applicable to the client of a portfolio manager, will be governed through bilaterally negotiated contractual terms.

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