INDIA MARKET LENS
◆ Mixed

SEBI allows PMS exposure to foreign securities: What products can clients access?

SEBI is in focus.

25 Sept 2026 · Business Today Mkts

SEBI has approved a new PMS framework allowing portfolio managers to invest clients’ money in a wider range of foreign securities, including overseas stocks, debt, REITs, mutual funds and ETFs. The investments will be subject to the Foreign Exchange Management Act (FEMA) and the RBI’s Liberalised Remittance Scheme (LRS).

  • With SEBI, RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.