GENERAL29 Sept 2026
Talent crunch may hamper Sebi’s PMS revamp | Stock Market News
On 24 September, market regulator Sebi approved a new framework letting portfolio management services (PMS) firms invest in foreign securities like overseas shares, mutual funds and exchange-traded funds. It opens fresh options for clients wanting diversification beyond India. But few Indian professionals can manage global portfolios, so building these teams will take time. If your PMS plans this, ask how.
Key Statutory Highlights
- At its 24 September meeting, Sebi approved a new regulatory framework that allows discretionary and non-discretionary PMS firms to invest in foreign securities such as listed equity and debt, overseas mutual funds, exchange-traded funds and index funds.
- Demand for diversification beyond Indian markets is rising, but few Indian funds currently invest overseas, so experts say experienced people who combine global market knowledge with the needs of Indian PMS clients are a relatively small pool.
- Some experts feel talent will not be a major constraint, pointing to foreign-educated MBAs, Indian MBAs who can adapt, and global capability centres of foreign banks in India, while others say GIFT City operations may cope better.
Actionable Advice for Taxpayers / Founders:If you are a PMS client or planning to become one, ask your provider how they intend to handle overseas investing, staffing and currency risk before you commit. Treat global diversification as a long-term choice, and confirm the details in writing rather than assuming it is ready.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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