Securities And Exchange Board Of India - Subsection
Section 2(cb) in Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993
(cb)"portfolio manager" means any person who pursuant to a contract or arrangement with a client, advises or directs or undertakes on behalf of the client (whether as a discretionary portfolio manager or otherwise) the management or administration of a portfolio of securities [or goods] [Inserted by Notification No. SEBI/LAD-NRO/GN/2019/17, dated 10.5.2019 (w.e.f. 7.1.1993).] or the funds of the client, as the case may be;]
