PMS Overhaul: SEBI Allows IPO Bets, Investments In Foreign Securities; Eases Compliance Norms
SEBI is in focus in an ipo & listings development.
· NDTV Profit, Business Today Mkts
Under the revised framework, portfolio managers will be allowed to invest in ETFs up to 1.25 times the clients' AUM.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Why it matters
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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