5/8/2024, 7:11:02 pm

GIFT City regulator proposes lower PMS ticket size, opens door to retail

The International Financial Services Authority (IFSCA) has proposed a reduction in the minimum ticket size for portfolio management services (PMS) from $150,000 to $75,000, harmonizing with the ₹50 lakh stipulated by Sebi for onshore PMS schemes, according to a consultation paper released on Monday. The International Financial Services Authority (IFSCA), which regulates GIFT City.