The regulator said the review has been done due the rapid expansion of the PMS industry, where AUM (assets under management) has multiplied to ₹42.61 lakh crore as of May 2026 from ₹18.07 lakh crore in April 2019. “Considering the increasing sophistication of investors, growing demand for more personalised solutions and diverse investment portfolio, a need was felt to review the PM (portfolio manager) Regulations,” Sebi said in a discussion paper on Thursday.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.