{"schema":1,"name":"What portfolio managers hold, by mandate","generated_at":"2026-10-07T03:40:50Z","as_of":"2026-07-01","meta":{"source":"SEBI's monthly PMS data via IndiaDataHub; cross-checked with the SEBI Bulletin's PMS table","method":"sebi_holdings","unit":"% of the mandate's assets","notes":["Month-end positions from portfolio managers' monthly reports to SEBI. Discretionary: the manager decides; non-discretionary: the client approves each trade; advisory: the manager only advises (assets are the value advised on).","EPFO and other provident funds place most of their bonds with a few portfolio managers; epfo_cr is that money, and epfo_share_pct its share of all PMS assets.","Listed equity per client is discretionary plus non-discretionary listed equity over their clients.","SEBI moved PMS reporting to its SI Portal in late 2020; discretionary clients fall by a third in November 2020 while assets do not, so client counts before and after are not comparable. A month where clients fall more than 8% below the last full month and recover within two months is incomplete reporting and left blank.","Mutual fund holdings start January 2024: SEBI's series jumps six-fold for December 2023 and settles at a higher level, which looks like a change in reporting.","Monthly from December 2010."]},"categories":["Listed equity","Unlisted equity","Debt","Mutual funds","Derivatives","Other"],"series":{"discretionary_cr":[393087.0,2953.0,3196705.0,114207.0,280.0,29692.0],"non_discretionary_cr":[52206.0,910.0,210727.0,79288.0,0.0,9392.0],"discretionary_pct":[10.519,0.079,85.5438,3.0562,0.0075,0.7946],"non_discretionary_pct":[14.8092,0.2581,59.7768,22.4916,0.0,2.6642]}}