Multi-cap oriented sectoral funds dominated the list of top 10 best performing PMSes for the month of November
SEBI wants to stick to the notion that PMS product is purely for high net worth individuals and not for retail investors, who, over the years, have build a portfolio strong enough to invest in PMS services.
"SEBI's proposals will immensely help both the Asset Management industry as well as investors," said Sushant Bhansali, Chief Executive Officer, Ambit Asset Management.
Five of the top seven companies in the Sensex which account for 45 percent of the weight have given a return of 32.8 percent over the last year and 28 percent CAGR over a three year period.
History suggests that while largecaps kick off a rally, it is the midcaps that lead the show as the bull run spreads wider and deeper
PMS is an effective tool for individuals with hordes of cash hoping to earn above-average returns from their savings.
Stricter rules for fund manager fees, standardised way of measuring returns and higher net worth norms for portfolio managers will screen out fly-by-night operators.
Increase in investment threshold, higher capital adequacy and stricter performance disclosures are some of the steps proposed
Commission cuts are being planned for PMS and alternative investment funds AIFs, services by which brokers manage diversification of investor funds similar to the ‘trail commission model’ implemented by the MF industry
With nearly 25 years of experience in investing Kunj Bansal has been in the mutual fund industry when it was in its nascent state. Learning and working with the best in the industry he talks about how professionals in the business think.
The firm aims to raise Rs 1,000 crore AUM over the next two-three years.
Transparency should be guiding force of new regulations for PMS managers
Market forces should decide how high can fees and commissions be charged and whether the consumer gets benefits for what she pays
Mutual fund is a professionally-managed investment scheme, run by an asset management company (AMC) that pools together a group of people and invests their money in instruments/assets for a common investment objective. As compared to PMS, MFs have a wider range of investment options, that an investor can invest in based on his risk profile.
In an interview to CNBC-TV18's Reema Tendulkar and Prashant Nair, P Phani Sekhar, Fund Manager at Karvy Stock Broking shared his reading and outlook on the fundamentals of the market.
A long short combination strategy tries to avoid market risk to a great extent, thereby reducing the volatility in returns.
Thinking of putting money in a PMS product? Here is what you should keep in mind.