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Portfolio managers are also called as investment counsellors, asset managers, investment managers. There are numerous benefits of working with a Portfolio Manager. However, to become a portfolio manager, you are required to get registration. In this article, we will discuss the requirements for portfolio manager registration.
Table of Contents
As per SEBI (Portfolio Manager Registration) Regulations, 1993, a person who pursuant to an arrangement either in the form of a contract or otherwise advises or undertakes on behalf of their clients the administration of their funds or portfolio of securities as the case may be.
In simple words, we can say that any professional making investment decisions and carrying out investment activities on behalf of individuals or institutions is termed as a Portfolio Manager.
In order to become a portfolio manager, the applicant is required to submit an application with the Securities Exchange Board of India as the ultimate power regarding their registration and regulation resides with SEBI.
As we have read above in order to apply for portfolio manager registration with SEBI, the applicant is required to submit an application with the Securities Exchange Board of India. After receiving the application, the Board will analyze the application and make sure that the following registration requirements are met:
These requirements for portfolio manager registration should be met by an applicant.
Even after the application for registration is approved by the Board, there are many post-registration conditions that are required to be satisfied by the registered portfolio manager. Some of such requirements include:
The benefits are as follows:
Portfolio managers have a fiduciary responsibility to act in good faith and honesty and, most importantly, in the best interests of clients. Therefore investment decisions should be free of bias and independent.
Portfolio managers provide ongoing management of your investments. You give the authority to portfolio managers to make decisions on investment.
Portfolio managers charge a percentage of investments they manage. The fee is transparent and lesser than retail management and distribution costs. Fees are fully transparent on client statements and go down as a percentage of your portfolio as your assets grow.
The above mentioned requirements for portfolio manager registration should be met in order for an applicant to be registered as a portfolio manager. There are pre-registration requirements as well as post registration requirements for portfolio manager registration that are to be satisfied.
Our Trending Article: Work Mechanism between Portfolio Managers and Their Clients.
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