The Association of Portfolio Managers in India (APMI) has asked SEBI to lower the minimum investment for PMS from ₹50 lakh, saying the high threshold limits growth and investor access. Officials noted that PMS inflows may decline further after the launch of Specialized Investment Funds (SIFs), and reducing the ticket size would improve competitiveness. PMS players have also sought easier KYC norms for NRIs, as verification delays sometimes up to two months make onboarding difficult, especially in countries like Nigeria. SEBI chairman Tuhin Kanta Pandey recently said the regulator is working with APMI on possible changes.
