The market regulator, SEBI has come up with FAQs on Portfolio Managers in order to provide more clarity. Portfolio manager is a body corporate, which, pursuant to a contract with a client, advises or directs or undertakes on behalf of the client (whether as a discretionary portfolio manager or otherwise) the management or administration of a portfolio of securities or funds of the client.
from taxmann.com News https://ift.tt/31yrzaV
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