Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday said portfolio management services (PMS)  in the country could potentially grow at more than 20 per cent annually, as the investment universe expands, reported news agency IANS.

PMS industry growth

The SEBI chief noted that most components of India's investment universe have been growing at rates of more than 15 per cent, creating scope for PMS to expand at a faster pace, at over 20 per cent.