New Delhi, June 11 (IANS). Transparency, investor protection and strong governance will play a key role in the next growth phase of the PMS industry in India. This statement was given by Securities and Exchange Board of India (SEBI) Executive Director Manoj Kumar on Thursday.
Kumar said at the APMI Leadership Conclave 2026 that the assets under management (AUM) of India’s portfolio management services (PMS) industry has reached about Rs 42 lakh crore and 2.1 lakh more investors are investing in it.
Kumar said, “The PMS industry in India is at a critical juncture. As investor expectations change and demand for personalized wealth management solutions increases, the industry has an opportunity to emerge as a key pillar of India’s investment ecosystem.”
He said that standardization across the industry, better data transparency and a strong distribution system will be very important for the sustainable growth of this sector.
According to Kumar, to build a strong, reliable and globally competitive PMS industry, deeper penetration of Tier-2 and Tier-3 markets, greater investor awareness, responsible distribution practices and collaboration among stakeholders will be essential.
The conclave was organized by the ‘Association of Portfolio Managers in India’ (APMI), a representative organization of SEBI-registered portfolio managers.
APMI Chairman Biharilal Devra said that the PMS industry has become an important part of India’s wealth management sector. This is due to increasing awareness among investors, increasing demand for customized investment solutions and supportive regulatory framework.
“At APMI, we are committed to promoting constructive dialogue between the industry and SEBI to advance our shared goals of investor protection, industry growth and market integrity,” he said.
Deora further said that since starting operations in 2022, the association has taken around 50 strategic initiatives focusing on investor protection, regulatory compliance, transparency, digital transformation, enhancing professional competence and ease of doing business.
–IANS
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