How it works ?
 
Complete this purchase process our executive wil contact you with all details i.e documents required, time line , price etc 
 
=========================================
To operate as a Portfolio Manager in India, you must obtain a Portfolio Manager License from the Securities and Exchange Board of India (SEBI). A Portfolio Manager (PM) is a professional who manages a client's investment portfolio, including stocks, bonds, and other securities, on a discretionary or non-discretionary basis, based on the client's risk profile and investment objectives.
Here’s a step-by-step guide on how to obtain the Portfolio Manager License in India:
Step 1: Understand the Regulatory Framework
The primary regulation governing Portfolio Management Services (PMS) in India is issued by SEBI under the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993.
The key requirements for obtaining a license include:
SEBI's regulations regarding the registration and conduct of portfolio managers.
The registration process for portfolio managers.
Compliance with SEBI guidelines on client disclosures, investment strategies, and reporting.
Step 2: Form a Legal Entity
To apply for the Portfolio Manager License, you must first form a legal entity for your business. You can set up one of the following structures:
Private Limited Company
Limited Liability Partnership (LLP)
Most portfolio management firms are set up as a Private Limited Company due to liability protection, ease of raising capital, and better scalability.
Step 3: Meet SEBI's Eligibility Criteria
SEBI has strict eligibility criteria for individuals and firms applying for a Portfolio Manager License. Some of the requirements include:
1. Net Worth Requirement
For applying as a portfolio manager, the minimum net worth requirement is INR 2 crore. This is the paid-up capital or net worth of the firm that needs to be demonstrated at the time of application.
2. Key Personnel Requirements
The portfolio management firm should have at least one experienced portfolio manager who has experience in the securities market. The person must have:
Professional qualifications: such as CFA, MBA in Finance, or equivalent qualifications.
Experience: at least 5 years of relevant experience in managing portfolios or in the securities market.
Training and Certifications: They should have appropriate certifications from regulatory bodies like NISM (National Institute of Securities Markets).
3. Compliance Officer
You must have a compliance officer who will be responsible for ensuring that the firm adheres to SEBI regulations and guidelines.
4. Infrastructure Requirements
The firm must have the required infrastructure, including back-office operations, risk management systems, and internal control procedures, to manage client portfolios effectively and ensure compliance with SEBI's regulations.
Step 4: Submit Application to SEBI
Once your entity is set up and you meet SEBI’s eligibility criteria, you can apply for the Portfolio Manager License by submitting an online application via SEBI's Intermediaries Portal.