Concentration risk in PMS & curated portfolios: Lessons ahead of Sebi’s 2026 overhaul
India's Portfolio Management Services (PMS) sector is booming, reaching ₹41.59 lakh crore. While concentration can drive returns, SEBI's 2026 rule changes aim to enhance governance and investor protection. The article highlights the hidden risks of layered concentration in both PMS and curated portfolios, urging investors to understand their true economic exposures beyond superficial diversification.