PRIM mutual fund route explained: How the new PMS option works, ₹25 lakh minimum investment and contract renewal rules

The Securities and Exchange Board of India (SEBI) has introduced a new route for Portfolio Management Services (PMS) called the PRIM route, which lowers the minimum investment requirement to ₹25 lakh from ₹50 lakh under the conventional PMS route. However, renewals are treated as fresh investments, which could potentially disenfranchise investors whose portfolios fall below the threshold.