SEBI and APMI Discuss Roadmap to Boost India's PMS Industry
The Association of Portfolio Managers in India (APMI), the SEBI-recognized industry organization for portfolio managers and PMS distributors, outlined a strategy for India's Portfolio Management Services (PMS) framework, as per an APMI announcement.
APMI oversees a large portion of India's Rs.42 lakh crore PMS sector. SEBI and APMI organized the APMI Leadership Conclave 2026 in Kolkata to explore future growth opportunities in the sector with regulators, portfolio managers, distributors, family offices, and wealth management experts.
India's PMS industry serves more than 210,000 investor accounts, highlighting "the increasing preference for professionally managed and tailored investment options among Indian investors."
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The Association of Portfolio Managers in India (APMI), which represents SEBI-registered portfolio managers managing a substantial portion of India's Rs.42 lakh crore PMS industry, organized the 'APMI Leadership Conclave 2026 in Kolkata,' uniting regulators, portfolio managers, distributors, family offices, and wealth management experts to explore the opportunities and priorities influencing the upcoming growth phase of the sector.
The gathering, attended by over 250 stakeholders from the PMS ecosystem, concentrated on "investor requirements, regulatory changes, distribution growth, and the significance of creating a more transparent, accessible, and robust PMS ecosystem."
A dedicated session was held to examine the local investment environment, business prospects, operational difficulties, and expectations from both the industry association and regulators.
Since starting operations in May 2022, the Association has implemented approximately 50 strategic initiatives, significantly enhancing India's PMS ecosystem.
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These efforts have aimed at boosting investor protection, encouraging regulatory adherence, increasing industry transparency, advancing digital transformation, developing professional skills, and simplifying business operations.
The gathering saw the participation of Manoj Kumar, Executive Director at SEBI, Amit Tandon, Regional Director (East) at SEBI, Mr. Biharilal Deora, Chairman of APMI, Sushant Bhansali, Vice Chairman of APMI, along with other prominent figures from the industry.
Manoj Kumar, Executive Director, SEBI, says, "The PMS industry in India is at a defining inflection point. As investor aspirations evolve and demand for personalised wealth management solutions continues to grow, the industry has an opportunity to emerge as a significant pillar of India's investment ecosystem.”
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“This next phase of growth must be anchored in transparency, robust governance, and a steadfast commitment to investor protection. APMI has an important role to play in fostering industry-wide standardisation, enhancing data transparency, and strengthening the distribution ecosystem. Going forward, deeper penetration into Tier 2 and Tier 3 markets, greater investor awareness, responsible distribution practices, and sustained collaboration among stakeholders will be critical to building a resilient, trusted, and globally competitive PMS industry that supports long-term wealth creation," says Manoj Kumar.