An accident may include events like:
• Advantage of equities as an asset class
• Solutions customized to the needs of HNIs
• Personalized attention
• Portfolio Managers take buy/sell decisions on behalf of, but in consultation with a client
• Portfolio Managers regularly interact with clients to update them on portfolio strategy, performance, and market outlook
Here’s why you should opt for Portfolio Management Service:
The objective of Portfolio Management Service is to create wealth by delivering consistent long term performance with risk control.
1) PMA tracks the portfolios constantly by understanding the dynamics of equity as an asset class.
2) PMS got a defined investment philosophy and strategy which acts as a guiding principle in defining the investment universe.
3) PMS make sure that you are relieved from all the administrative hassles from your investments. We also provide periodic reports on the performance and other aspects of your investments.
Yes, you can opt for portfolio management services if you’re a Non-Resident of India (NRI). You will have to open a PIS account as required under RBI guidelines in order to invest in the PMS scheme.
You are advised to consult your tax advisor for your specific tax consequences. The portfolio manager shall not be responsible for assisting you in fulfilling your tax obligations. Provisions of the Income Tax Act, 1961 will be applied to your manager in respect of your individual income.
Basically AMCs offer two types of Portfolio Management Services, discretionary as well as non-discretionary. In the discretionary portfolio management service, the discretion to invest primarily lies with the portfolio manager. Under non-discretionary services, the client decides his /her own investments. The portfolio manager is responsible for providing advice and facilitating the execution of transactions. The Portfolio Manager’s role is limited to providing research, investment guidance, and trade execution at the client’s request.
Fund Manager of PMS sends out the following reports to help you monitor the performance of your folio.
1. Fortnightly reporting: This gives you information like the portfolio net worth, a monthly report of holding, and bank balances
2. Quarterly reporting: This gives you details of portfolio holdings/transactions, net worth, ledgers, fees, corporate benefits, etc.
3. You’ve got access to the website showing client holding & quarterly reporting of portfolio holdings/transactions.
Yes, Portfolio Management Services completely supervised by the regulator of capital markets in India, SEBI. PMS can be offered only by entities having specific SEBI registration for rendering portfolio management services. Currently in India, it is offered by specialized PMS players, asset management companies (AMCs), and brokerage houses.
The minimum initial investment amount for these products is Rs. 50 Lakhs. This shall be invested across various products by the portfolio manager. The distribution may change according to the discretion of the portfolio. The fees and charges may be different according to the customization demanded by the client.
In the case of discretionary Portfolio Management Services, withdrawals and investment in various model portfolios would be at the discretion of the portfolio manager. In the case of non discretionary Portfolio Management Services, the said movement would be done post confirmation from the client.