Portfolio Manager Regulations

SEBI’s view on discretionary portfolio managers employing economies of scale

In response to queries raised by Karvy Stock Broking Limited pertaining to pooling of funds by a discretionary portfolio manager for achieving economies of scale, SEBI has recently issued an interpretative letter under the SEBI (Informal Guidance) Scheme, 2003, clarifying the position further. Karvy submitted to SEBI that they had opened separate bank accounts exclusively…

© Finsec Law Advisors | 2017
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