Portfolio management services (PMS), which offer tailor-made portfolios, have been a preferred choice of high net worth individuals (HNIs) and ultra HNIs for quite a few years now. With deep pockets and high risk-taking ability, these investors hunt for index-beating alpha (a measure of return above index). While promise of good returns and personal attention from portfolio managers are a big draw for HNIs, they must be aware about the risks involved in PMS, apart from the new rules that have come out to make these investments safer for investors.
Recent Regulations
According to the working group on SEBI (Portfolio Managers) Regulations, 1993, assets under management of portfolio managers grew from ₹4.7 lakh crore in February 2012 to ₹18.07 lakh crore in April 2019 (over 70 per cent is contributed by funds from EPFO/PFs). The number of clients rose from 82,391 in February 2012 to 151,618 by April 2019.
This story is from the January 12, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 12, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
PMS Vs MF The Big Fight
How do mutual funds and portfolio management services match up? Know the score on structure, rules, entry fees, charges, and tax perks to pick the right path for your financial journey
Four Levers Of Enterprise AI Strategy
Wide-scale private sector AI deployment and new AI-based business opportunities and ecosystems can truly supercharge the Indian economy
"Don't let a unique chance slip by"
JEFF MAGGIONCALDA | CHIEF EXECUTIVE OFFICER | COURSERA
THE INCOMING DISRUPTION
The disruption in the industrial sector is still unknown, but inevitable. Companies need to wake up
THE WHEEL WHISPERER
For Manan Shah, Managing Director of MICL Group, luxury cars are not about showcasing one's wealth or status. It is about personal well-being
TRIPPING WITH TECH
A road trip is an adventure like no other. While you take in the experience, get some peace of mind with these nifty gadgets
Transforming Spaces
WHETHER YOU WANT TO REDECORATE YOUR BEDROOM OR HALLWAY, A GORGEOUS WALLPAPER ADDS FLAIR TO YOUR HOME AND ALLOWS YOU TO STAMP YOUR STYLE IN YOUR NEW ABODE
ALPHATALE
MONEY MANAGERS TO THE AFFLUENT DELIVERED ROBUST RETURNS TO INVESTORS IN THE PAST YEAR, THANKS TO THE BUOYANCY IN THE MARKETS. BUSINESS TODAY DECODES THEIR STRATEGY
"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"
Vikaas M. Sachdeva, MD of Sundaram Alternates, talks about where India's alternative investment industry is headed
"ALWAYS BE DATA-DRIVEN WHILE INVESTING"
First Global's Founder and CMD Devina Mehra on her company's PMS outperformance, technology and industry