PIOs Can Now Directly Invest in PMS, Bypassing GIFT City in Budget 2026
Budget
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CNBC Awaaz•02-02-2026, 07:13
PIOs Can Now Directly Invest in PMS, Bypassing GIFT City in Budget 2026
- •Budget 2026-27 allows Persons of Indian Origin (PIOs) to directly invest in Portfolio Management Services (PMS) in India, eliminating the need for the GIFT City route.
- •PIOs, categorized as Persons Resident Outside India (PROIs), will see their individual investment limit in PMS increase from 5% to 10%.
- •The total investment cap for PROIs in PMS schemes has been raised from 10% to 24%, allowing fund managers to accept more capital.
- •This move aims to simplify investment processes, reduce transaction costs, and boost foreign participation in India's asset management sector.
- •The impact of these changes will also be influenced by market conditions and the global investment environment.
Why It Matters: Budget 2026 simplifies PMS investments for PIOs, increasing limits and bypassing GIFT City for direct access.
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