 "INVESTMENT, PLANS, SAVINGS, mf, mutual funds, investors, equity, pension, funds")
With less than a month to go for the implementation of the performance benchmarking norms for portfolio management services (PMS), industry players have sought a three-month extension from the capital markets regulator.
Through a circular issued in December, the Securities and Exchange Board of India (Sebi) directed the PMS industry to implement performance benchmarking and categorisation from April 1. The aim is to help investors assess and compare the performance of service providers, akin to the mutual fund industry.
However, portfolio managers are considering asking for an extension by at least a quarter or a glide path approach for adhering
