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In force from 1 April 2027. The SEBI (Portfolio Managers) Regulations, 2026 were notified on 7 October 2026 and replace the 2020 Regulations from 1 April 2027. Until then, the 2020 Regulations apply.

FIRST SCHEDULE · Schedules

Fees

SEBI (Portfolio Managers) Regulations, 2026 · notified 7 October 2026 · in force from 1 April 2027

Key numbers in this schedule

  • Application fee₹1 lakh, non-refundable

First Schedule as notified

Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026 [Regulation 3(1), 3(6), 7(1), 10(1),30(1)] FEES 1. The fees payable by portfolio manager, as provided in the below given table, shall be paid by way of direct credit into the bank account through NEFT/RTGS/IMPS or online payment using the SEBI Payment Gate way or any other mode as may be specified by the Board from time to time. S. no Particulars Fees/Charges 1. Application fees payable by portfolio managers Rupees one lakh 2. Registration fees payable by portfolio managers Rupees ten lakh 3. Renewal fees (every three year) Rupees five lakh

English text of the Gazette notification. Read with any circulars SEBI issues under these Regulations.

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The plain-English note is a learning aid. The notified text is the law; check later SEBI circulars.

Prashant Kumar

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CS Prashant Kumar

Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker

13+ years of experienceFCS Fellow member, ICSIAuthor Audit Under Fire

Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)

Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.