Confusion over new rules on standardised return metrics for PMS players

Service providers are looking for clarity on how standardisation should be approached and are seeking Sebi's advice on the matter

The move to provide standardised returns across portfolio managers may be experiencing some teething troubles. Lack of granularity in the regulations has some portfolio management services (PMS) providers scrambling to figure out how they should showcase returns, said three people in the know. This included a portfolio manager, a distributor, and a service provider to the industry.

They are looking for clarity on how it should be approached and are in the process of seeking advice from the Securities and Exchange Board of India (Sebi) on the matter, said industry sources.

The move follows the publication of the revised portfolio