SEBI board approves PMS-mutual fund route, REIT and InvIT reforms, and wider FPI access to commodity derivatives

SEBI board approves PMS-mutual fund route, REIT and InvIT reforms, and wider FPI access to commodity derivatives

The Securities and Exchange Board of India approved a wide-ranging set of reforms at its board meeting on 24 September 2026, including a new Portfolio Managers Route for Investing in Mutual Fund units (PRIM) with a minimum ticket size of Rs 25 lakh, and simplified portfolio manager regulations allowing investment in IPOs and unlisted debt. The board also cleared the issuance of depository receipts on units of REITs and InvITs to attract foreign capital, and widened foreign portfolio investor access to non-agricultural commodity derivatives, subject to safeguards. A reformed accredited investor framework will deem all persons resident outside India, including FPIs, as accredited investors for eligible market products.