As per SEBI guidelines, the portfolio manager is required to accept minimum Rs. 50 lakhs for rendering portfolio management service to the client. The minimum investment requirement for our portfolios is Rs. 50 lakhs/each

Features

PMS

Mutual Fund

Management

Provide ongoing, personalized access to professional money management services

Provide access to professional money management services

Customization

Portfolio can be tailored to address each investor’s specific needs

Portfolio structured to meet the fund’s stated investment objectives

Ownership

Investors directly own the individual securities in their portfolio

The trustee own shares of the fund and cannot influence buy and sell decisions

Minimums

Significantly higher minimum investments than mutual funds. Minimum investment – Rs. 50L

Minimum Investment – Rs. 5,000

Flexibility

PMS products can be customized to meet special customer requirements

No customization possible

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The following investors are eligible to invest through PMS:

Hindu Undivided Families (HUF)

Body corporate (Private/Public)

Trust

Non Resident Indian (NRI)*

Partnership Firms or any other eligible investor.

*Except USA and Canada residents.

The tax liability of a PMS investor would remain the same as if the investor is accessing the capital market directly. However, the investor should consult his tax advisor for the same. The Portfolio Manager ideally provides audited statement of accounts at the end of the financial year to aid the investor in assessing his/ her tax liabilities.

Apart from cash, the client can also hand over an existing portfolio of stocks, bonds or mutual funds to a Portfolio Manager and the Portfolio Manager may at his own sole discretion sell the said existing securities in favor of fresh investments to match the strategy portfolio.

The funds or securities can be withdrawn or taken back by the client before the maturity of the contract. However, the terms of the premature withdrawal would be as per the agreement between the client and the portfolio manager.

Category

Fixed Fees structure

Variable Fees Structure

Discretionary

Less than 5 Crores Investment

2.5%

1.5% + 20% Incentive fees over fixed hurdle

Rs 5 Crores to less than Rs 10 Crores Investment

2%

1.25% + 20% Incentive fees over fixed hurdle

Rs 10 Crores to less than Rs 25 Crores Investment

1.5%

1% + 20% Incentive fees over fixed hurdle

Rs 25 Crores or more Investment

1.25%

0.75% + 20% Incentive fees over fixed hurdle

Advisory/Direct

Less than 5 Crores Investment

2.0%

1.0% + 20% Incentive fees over fixed hurdle

Rs 5 Crores to less than Rs 10 Crores Investment

1.5%

0.75% + 20% Incentive fees over fixed hurdle

Rs 10 Crores to less than Rs 25 Crores Investment

1.0%

0.5% + 20% Incentive fees over fixed hurdle

Rs 25 Crores or more Investment

0.75%

0.25% + 20% Incentive fees over fixed hurdle