New Delhi, July 24 -- The Securities and Exchange Board of India (SEBI) has proposed a revision of portfolio management regulations to create a mutual fund-only portfolio management service (PMS) category, as per a statement by the markets regulator.

SEBI issued a consultation paper on Thursday, proposing a comprehensive review of the Portfolio Managers Regulations, 2020 to expand the investment opportunities, ease compliance requirements and simplify the regulatory framework for the portfolio management industry.

"The objective of this consultation paper is to seek comments and views from the public on the proposed amendments to the SEBI (Portfolio Managers) Regulations, 2020 ("PM Regulations") and circulars issued thereunder, carried ...