It also means that portfolio management schemes (PMS) operating in the form of offshore funds might face a slight problem as foreign investors will now directly access the mutual fund market. Many small mutual funds concentrate on PMS related growth for their assets. They will have to change their strategies. Even if the market will expand and many mutual funds have a great advantage, big funds will benefit more. But this is a great opportunity opened by the ministry this budget – something that can change the fortune of the entire industry.