Portfolio Managers are professionally qualified persons to serve as asset managers, investment managers or investment councillors. They undertake investments in financial securities on behalf of their clients. As per SEBI Regulation, portfolio managers are persons who advise or undertake administration or management of the funds on behalf of their clients after entering into an agreement or contract with the client.
Portfolio Manager Registration With SEBI
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- Portfolio managers can act on behalf of the investor to conduct investment activities personally and is responsible for the management of all the assets and securities of clients.
- Portfolio managers usually charge a percentage of the assets they manage as their fee. The transparent fee charged by the Mangers is lower than the retail management or costs related to distribution. This makes hiring a Portfolio manager even more fruitful.
- Portfolio managers are bound by fiduciary responsibility to act with honesty and in good faith while keeping the interests of the client in mind.
- The hassle-free approach and time savings available to corporate clients are quite significant compared to the fee charged by them.
- To start the process of registration, the applicant should submit an application to the board via Form A. the format for Form A is available in the SEBI regulation’s Schedule 1.
- The applicant is required to submit a non-refundable fee of Rs. 1,00,000 by directly crediting into SEBI’s bank account through online transfer or via a Demand Draft.
- After receiving the application, the board analyses the application and document as per the eligibility criteria and if satisfied with the application it will intimate the applicant.
- The online application for the Portfolio manager can be filed through the following link: https://siportal.sebi.gov.in
- The applicant must be a corporate body.
- An applicant must be a fit and proper individual.
- The capital adequacy must not be below a net worth of Rs 50 lakh.
- The candidate should possess the office space, equipment, and workforce to discharge the activity appropriately.
- The applicant, his partner, director/ principal officer must not engage in any litigation connected to the securities market.
- An applicant must have at least two employees comprising experience to conduct the business of a portfolio manager.
- An applicant, his partner, director, a principal officer must not be guilty of any economic offense or moral depravity.
- The applicant must have obtained the professional qualification from the government-recognized institution in finance, accounting, law, or business management.
- A grant of the certificate to the applicant must be in the investor’s interest.
- We help businesses to identify the specific regulations that apply to their business activities and to develop and implement compliance policies and procedures.
- Help to obtain prior approval from SEBI in case of change in control in the manner as prescribed by SEBI
- Develop and implement policies and procedures for managing conflicts of interest, ensuring the accuracy and integrity of credit ratings, and protecting confidential information.
- Tracking compliance incidents, identify areas for improvement, and report on their compliance performance to regulatory authorities.
Mr. Manish is highly professional. We get the best service and advice. Very punctual and dedicated team, always stays upfront in informing anything to avoid obligations. Thank you so much.
Raman Shukla
COO at VSERV Infosystems & Founder VSERV Academy
Mr. Manish Mishra's team provided invaluable guidance and expertise in Fintech and NBFC advisory, helping us navigate complex financial regulations and achieve remarkable growth in our business. Their insights are truly a game-changer.
Abhishek M R
Managing Director AMR FINANCE PVT LTD
Mr. Manish, as our Virtual CFO, has been instrumental in propelling our business to spontaneous growth. His expert guidance and strategic insights have transformed our financial landscape, paving the way for remarkable success.
Ajay Kumar
Founder & CEO - Eagabriz Shipping Pvt Ltd
As per Regulation 12 of the SEBI (Portfolio Managers) Regulation of 2020, the certificate of registration granted to the portfolio managers by SEBI shall be valid unless suspended or cancelled by SEBI.
The applicant must be a corporate body with the administrator having relevant experience and qualifications. The applicant organisation must possess the necessary infrastructure to support the activities of the portfolio manager. The infrastructure includes necessary equipment, office space, and essential human resources.
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