PMS Investors

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New guidelines will increase transparency in PMS

Portfolio managers to adopt an additional layer of broadly defined investment strategies while managing clients' funds

Overall PMS assets have been on the rise amid buoyant markets

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

There is optimism that the Rs 7 trillion mark will likely be crossed soon, given the recent momentum

Capital markets regulator Sebi on Monday cautioned investors against unauthorised money mobilisation by entities claiming to provide portfolio management services. Further, the regulator noted that these entities have been luring the public, with a promise of high returns, through pamphlets and social media platforms. It was observed that in such schemes, the entities have been mobilising money in relatively smaller amounts and promising assured returns, Sebi said in a statement. The advisory comes after the Securities and Exchange Board of India (Sebi) noted that some entities are collecting money from the public claiming to provide portfolio management services. Some of the entities have names similar to that of Sebi-registered intermediaries, misleading the public, as though the fund raising is genuine and done by entities registered with the regulator. Sebi, therefore, cautioned "investors not to fall prey to such unauthorised money collection" and advised them to deal only wit

The Securities and Exchange Board of India (Sebi) has imposed prudential limits on investments by portfolio managers in their own associates or related parties.

Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985. At that time, Sensex was at 150 points

Long-only funds are down 5.85 per cent on a median basis over the last month, according to data from tracker PMS Bazaar

Sarika likes to go through all the communication she receives and then take an informed decision. She was hassled because this deluge was hindering her

AIFs have a minimum ticket size of Rs 1 crore and aim to offer investors access to sophisticated strategies across different asset classes

Right Horizon's Minerva India Underserved continued its dream run, gaining 13.1 per cent in August

Sebi has put in place certification requirements for associated persons engaged by portfolio managers as distributors or employees having decision-making authority related to fund management.

The schemes returned 4.1 per cent on average, better than the 0.9 per cent given by the benchmark.

Returns were calculated on time-weighted rate of return, which eliminates effects of inflows and withdrawals from schemes to get a clearer sense of fund manager's performance

Top performing strategies included Lake Water Advisors' Lake Water (30.1%), Trivantage Capital Management's Super Six (24.8%), and Basant Maheshwari Wealth Advisers' Equity Fund (22%)

The firm believes that investors are relying on the benefits of future growth opportunities to stoke returns, which may not be good investor behaviour

Experts say directive will help clients understand product being offered is for commissions or merit

Investors who are over-allocated to the mid- and small-cap category need to switch to large- and multi-cap-oriented schemes