Portfolio Management Services

PMS benchmarking norms: Industry players seek three-month extension

Cites technological and compliance challenges ahead of April 1 deadline

Over 70% of PMS plans, investment vehicle for the wealthy, lagged in 2022

Small-cap schemes only ones to do better than their respective indices in 2022

Debt assets power PMS growth amid equity dip, accounts for 80% of assets

Outlook for PMS debt schemes seems positive going forward, with likelihood of superior returns once rate hike cycle ends

Setting standards

New guidelines will increase transparency in PMS

Sebi issues performance benchmarking guidelines for PMS industry

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

Drop in share of advisory assets in PMS funds during past 12 months

Overall PMS assets have been on the rise amid buoyant markets

Base effect contributing to small-cap funds' 30% return over three years

Limit exposure to this volatile category to 10-15% of equity portfolio, enter with 7-10-year horizon

Fund houses rush to acquire talent as tightening of compliance rules weighs

New hires demand compensation beyond standard hikes to make up for impact on take-home pay due to the skin-in-the-game norms; seasoned professionals quit in droves

Sebi cautions investors against funds raised by unauthorised PMS providers

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

Sebi warns investors about fake portfolio managers offering assured returns

Even registered portfolio managers cannot offer products with fixed returns, and are not allowed to accept funds or securities worth less than Rs 50 lakh from a client

PMS' asset base rises 17% to Rs 25.4 trn in July, shows Sebi data

With investors looking at options beyond the traditional investment routes for higher risk-adjusted returns, assets under management of the portfolio management industry rose nearly 17 per cent in the last one year to Rs 25.4 lakh crore at July-end. Going ahead, the trend looks positive for the ongoing fiscal year with Portfolio Management Services (PMSs) getting acceptability by a wider customer segment, including retail, industry experts said. Assets Under Management (AUM) of the portfolio management industry rose to Rs 25.4 lakh crore at the end of July 2022 from Rs 21.77 lakh crore at the end of July last year, translating into a growth of 17 per cent, latest with markets regulator Securities and Exchange Board of India (Sebi) showed. The asset base was Rs 24.8 lakh crore at the end of June this year. Of the total AUM, Rs 18.6 lakh crore are contributed by funds from EPFO or PFs. As of July 2022, there were 1.45 lakh clients in the portfolio management industry, of which 1.36

Zomato plans new management structure, with multiple CEOs: Internal memo

CEO Deepinder Goyal also said in the memo that 'Eternal', the proposed name for the parent organisation, would remain an 'internal name for now'

77% of 273 PMS schemes outshone the Nifty50 in April, shows data

PMS schemes managed Rs 20.3 trillion under discretionary portfolio, Rs 1.7 trillion under non-discretionary, and Rs 2.1 trillion under advisory

Confusing Sebi rules

Any buy/sell advice, including a model portfolio, should be the domain of research analysts while holistic financial planning and asset allocation should be that of investment advisors

Nearly 70% of 254 PMS schemes outdid Nifty in 12 months, shows data

None of the schemes gave negative returns over a one-year period

Most portfolio management service schemes in red in February, shows data

Most of the portfolio management service (PMS) schemes delivered negative returns in February, with 217 (80 per cent) of the 268 schemes underperforming the Nifty50

Sebi lays steps for undertaking co-investment portfolio management service

Capital markets regulator Sebi on Friday came out with the procedure for undertaking co-investment services through portfolio management route

PMS to undertake 10% transactions in corp bonds via RFQ platform: Sebi

Sebi on Thursday said PMS will have to undertake at least 10 per cent of their transactions through the request for quote platform.

PMS, AIF asset base set to cross Rs 50 trn in 10 years: PMS Bazaar

With sophisticated investors looking beyond traditional retail-oriented investments, Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) structures are gaining massive traction and the assets base of these products is expected to cross Rs 50 lakh crore by 2031. PMS and AIF are emerging as strong alternatives to grow wealth and investments, PMS Bazaar said at the annual summit 'PMS & AIF 4.0: Alternative Assets For All Seasons'. PMS Bazaar is a platform for investors and intermediaries looking for PMS and AIF information, analytics and comparisons to help investors create wealth using this wealth-building medium. "By 2031, the PMS and AIF industry is expected to cross Rs 50 lakh crore on the back of 20 per cent CAGR (compound annual growth rate) growth," it said. It further said PMS and AIF products generate healthy returns, achieve better penetration and thrive in a favourable regulatory landscape. According to official data, assets under management of ...

Majority of PMS schemes underperform Nifty in October, shows data

The schemes returned 0.2 per cent on average - worse than the 0.3 per cent generated by the benchmark