SEBI norms for investment by portfolio managers in the securities of their own associates/related parties

Portfolio Manager shall invest up to a maximum of 30 percent of their client’s portfolio in the securities of their own associates/related parties. These limits shall be applicable only to direct investments by Portfolio Managers in equity and debt/hybrid securities of their own associates/related parties and not to any investments in the Mutual Funds. Portfolio Manager may make investments in the securities of its related parties or its associates only after obtaining the prior consent of the client.