The collective voice of India's portfolio management industry.

APMI represents SEBI-registered portfolio managers and distributors, shaping industry standards, driving compliance, and protecting investor interests across India's growing PMS ecosystem.

Data as of Aug 2026 (Source: Compendium Report)
INR 44.35 lakh crore
Total PMS Industry AUM
535
Registered Portfolio Manager
415
APMI Members
Latest updates
10 Jun'25 SEBI — Advertisement code clarifications for portfolio managers
02 May'24 APMI Circular 11 — Submissions on distributor oversight
20 Aug'24 SEBI — Cybersecurity and Cyber Resilience Framework
30 Apr'25 APMI — Clarifications on CSCRF for regulated entities
₹44.35L Cr
Total PMS Industry AUM
535
SEBI-registered portfolio managers on record
25,000+
Registered Individual & Non-Individual Distributors across India
96%
Of the industry represented through APMI membership
What APMI does

Four pillars of the mandate

01

Advocacy

Representing member interests directly with SEBI and shaping regulatory consultations that affect the PMS industry.

02

Compliance support

Circulars, manuals, and Compliance Sutra sessions that translate regulation into practical operating guidance.

03

Investor protection

Benchmarking, valuation, and disclosure standards that keep reporting consistent and transparent for clients.

04

Industry standards

Building shared frameworks — from performance validation to cyber resilience — across the member base.

Regulatory register

Circulars & communications

Browse the full archive →
SEBI Circulars
SEBI Communication
Consultation Papers
Informal Guidance
Board Meetings
APMI Circulars
APMI Communication
Membership

Join the body shaping India's PMS industry.

Membership gives registered portfolio managers and distributors a direct line to regulatory representation, compliance guidance, and the wider industry network.

Direct representation in SEBI consultations
Early access to circulars and compliance manuals
Compliance Sutra training and NISM certification support
View membership benefits
Portfolio manager Full voting membership for SEBI-registered PMS entities
Distributor Registration and compliance oversight for PMS distributors
Associate For custodians, auditors, and allied service providers
Events & training

Compliance Sutra & webinars

Full calendar →
18 Sept 2025

CSCRF readiness — open house discussion

Live session covering cybersecurity framework adoption timelines for members.

02 Oct 2025

NISM XXI-A — distributor certification workshop

Guided preparation session ahead of the distributor certification window.

14 Oct 2025

Compliance Sutra — benchmarking & disclosures

Working session on the revised benchmarking and valuation communications.

Industry speaks

From the members

All articles →
Series — Launched 28 Mar 2025

IndustrySpeaks

Short clips from APMI's events and key engagements — launched 28th March 2025 at our OPCO and B&V Committee felicitation.

Download PDF →
Video

APMI Journey

A short film tracing APMI's journey to becoming the collective voice of India's PMS industry.

Watch on YouTube ↗
June 2022 – February 2026

APMI Initiatives — 45 Steps in 45 Months

Working committees, a compliance calendar and member surveys — building a more inclusive industry.

Download PDF →

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