Stating that the country is on track to become the world's third-largest economy, SEBI Chairman Mr. Tuhin Kanta Pandey said this growth will also lead to an increase in the number of affluent investors. Reaffirming that the Portfolio Management Services (PMS) industry is well-positioned to meet this demand, the SEBI Chairman asserted that sustainable growth will depend on discipline and trust, while consistent growth will come from consistent performance, sound risk management, and investor-centric conduct.
Addressing the Portfolio Management Services – PMS Conclave, organized in Mumbai, Mr. Pandey said PMS firms manage concentrated, high-stakes portfolios and therefore must have strong internal controls, clear segregation across business units, and disciplined documentation.
Speaking about the steps taken to strengthen the PMS industry, Mr. Pandey said SEBI has streamlined digital onboarding and simplified disclosure documents. He said that investor transparency has been enhanced through the disclosure of a mandatory fee calculation tool.
Talking about the strong growth seen in Portfolio Management Services in India, Mr. Pandey said that non-EPFO/PF Assets Under Management have risen from five trillion rupees in the financial year 2020-21 to over 10 trillion rupees as of January 31, 2026. He added that the total number of clients has also doubled to 150,000 during the same period.