New Delhi, Sept. 25 -- SEBI has approved the proposal to introduce the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026, replacing the existing PMS Regulations, 2020.

The new framework also introduces the Portfolio Managers Route for Investing in Mutual Fund units (PRIM), a route through which investors can get a professionally managed portfolio of mutual funds, SIFs and ETFs.

But how do PMS, PRIM and mutual funds differ for investors? Here is what experts say.

Sandeep Jethwani, Co-founder of Dezerv, said a PMS creates a customised portfolio of stocks, bonds and other permitted securities in the investor's name. The minimum investment is Rs.50 lakh.

Under the new regulations, the permissible universe also ...