SEBI, APMI discusses roadmap to boost India's PMS industry
New Delhi, June 11
Association of Portfolio Managers in India, the SEBI-registered industry body for portfolio managers and PMS distributors, discussed a roadmap for India's Portfolio Management Services ecosystem, according to a statement by APMI.
APMI monitors India's a significant share of India's Rs 42 lakh crore PMS industry. SEBI, APMI hosted a APMI Leadership Conclave 2026 in Kolkata on Thursday to discuss next phase growth opportunities in the sector with regulators, portfolio managers, distributors, family offices and wealth management professionals.
India's PMS sector caters to over 2.1 lakh investor accounts, which further indicates "the growing adoption of professionally managed and customised investment solutions among Indian investors."
"The Association of Portfolio Managers in India (APMI), the representative body of SEBI-registered portfolio managers overseeing a significant share of India's ₹42 lakh crore PMS industry, hosted 'APMI Leadership Conclave 2026 in Kolkata,' bringing together regulators, portfolio managers, distributors, family offices and wealth management professionals to discuss the opportunities and priorities shaping the next phase of growth for the sector," the release said.
The event, which was attended by more than 250 industry participants from across the PMS ecosystem, focused on "investor needs, regulatory developments, distribution expansion and the importance of building a more transparent, accessible and resilient PMS ecosystem."
Additionally, a special session was conducted to discuss local investment landscape, business opportunities, operational challenges and expectations from both the industry body and regulators.
"The Association has undertaken around 50 strategic initiatives since commencing operations in May 2022 - Feb, majorly contributing to India's PMS ecosystem," the release added.
"These initiatives have focused on enhancing investor protection, promoting regulatory compliance, improving industry transparency, driving digital transformation, building professional capacity, and facilitating ease of doing business," the release said.
The conclave was attended by Manoj Kumar, Executive Director, SEBI, Amit Tandon, Regional Director (East), SEBI, Mr. Biharilal Deora, Chairman, APMI, Sushant Bhansali, Vice Chairman, APMI, and other senior industry leaders.
Manoj Kumar, Executive Director, SEBI, said, " The PMS industry in India is at a defining inflection point. As investor aspirations evolve and demand for personalized wealth management solutions continues to grow, the industry has an opportunity to emerge as a significant pillar of India's investment ecosystem. This next phase of growth must be anchored in transparency, robust governance, and a steadfast commitment to investor protection. APMI has an important role to play in fostering industry-wide standardization, enhancing data transparency, and strengthening the distribution ecosystem. Going forward, deeper penetration into Tier 2 and Tier 3 markets, greater investor awareness, responsible distribution practices, and sustained collaboration among stakeholders will be critical to building a resilient, trusted, and globally competitive PMS industry that supports long-term wealth creation."
— ANI
Reader Comments
Good initiative by APMI and SEBI. The 50 strategic initiatives since 2022 sound promising. But please focus on reducing entry barriers for small investors—PMS still feels like an elite club. Make it accessible to middle-class families too! 🇮🇳
As a small investor in Mumbai, I appreciate the push for digital transformation. The older PMS systems are so opaque—I've had friends lose money due to hidden fees. More data transparency will build trust. Let's hope this conclave leads to real action. 📊
Finally, SEBI is talking about expanding into Tier 2/3 cities. In places like Lucknow or Indore, people are hungry for professional wealth management but lack awareness. PM Modi's financial inclusion push should align with this. Good step forward! 👏
I'm cautiously optimistic. The PMS industry has grown, but investor grievances are still high in some cases. The SEBI executive's call for "robust governance" is spot on. Let's see if APMI can enforce standards across all 2.1 lakh accounts without bias. Time will tell. 🤞
As an NRI based in the US, I follow Indian PMS closely. The focus on "distribution expansion" is key—many of us want to invest back home but find the process cumbersome. Streamline registration for NRIs and we'll pour more capital into India's growth story. 🌏
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.