SEBI Clears Portfolio Managers Regulations 2026 with the New PRIM Route and an Overhauled Settlement Framework

29 September 2026National

The Securities and Exchange Board of India (SEBI) board, meeting on 24 September 2026, approved the SEBI (Portfolio Managers) Regulations, 2026, headlined by PRIM — the Portfolio Managers Route for Investing in Mutual funds. PRIM lets portfolio managers deploy client money in direct plans of mutual funds, ETFs, index funds and Specialised Investment Funds at a minimum ticket size of Rs 25 lakh, with fees capped at 1% of client AUM. The board also cleared formula-based settlement amounts, a fast-track route for disclosure violations up to Rs 10 lakh, and stretched the settlement application window from 60 to 90 days.

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SEBI was set up in 1988 and got statutory status through the SEBI Act, 1992 | SEBI's headquarters is at Bandra Kurla Complex, Mumbai | SEBI is a quasi-legislative, quasi-executive and quasi-judicial body headed by a Chairperson appointed by the Centre

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