Mumbai, July 8 -- The Securities and Exchange Board of India (SEBI) has proposed easing restrictions on Asset Management Companies (AMCs) by allowing them to manage pooled non-broad-based funds, currently restricted under Regulation 24(b) of the SEBI Mutual Fund Regulations, 1996.

The proposal comes as part of a larger consultation paper aimed at reviewing the framework governing permissible business activities for AMCs. SEBI has invited public comments on the paper until July 28, 2025.

At present, AMCs are only allowed to manage and advise on pooled assets that meet the 'broad-based' definition, essentially, funds with at least 20 investors and no single investor holding more than 25% of the corpus. Services to non-broad-based funds cu...