Explained: Sebi proposes MF-PMS framework model with entry fee at Rs 25 lakh. Who stands to benefit?

The Securities and Exchange Board of India (SEBI) has proposed a comprehensive overhaul of the Portfolio Management Services (PMS) framework, including the introduction of a new category of mutual fund-only PMS (MF-PMS). The proposal, outlined in a consultation paper released on Thursday, seeks to broaden the investment universe for portfolio managers while making professionally managed investment solutions more accessible to investors.