India remains among the fastest -growing major economies and is on a trajectory to becoming the world's third-largest economy. This growth will also power a rise in the number of affluent investors- investors who seek professionally managed investment solutions beyond standardised products, stated Tuhin Kanta Pandey, Chairman, SEBI in a speech made at PMS Conclave. The Portfolio Management Services or PMS industry has seen strong growth. Non -EPFO/PF AUM has risen from about Rs 5 trillion in FY 2020 - 21 to about Rs 10.5 trillion, as on January 31, 2026, implying a CAGR of ~17%. Total clients, as on January 31, 2026, are about 2 .15 lakh, an almost 50% increase from 2022. The number of registered portfolio managers has also increased from 361 to 501 over the same broad period.

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