ABN Amro Asset Management today launched its discretionary portfolio management service (DPMS), aiming to tap customers with investment potential of more than Rs 50 lakh. | |
| This is its first DPMS product, which will be a concentrated portfolio service. "Under the discretionary management of portfolios, we will be offering the clients, our expertise in investment management. At the same time, we will also assure performance," managing director Nikhil Johri told reporters here. Sameer Narayan has been appointed as senior portfolio manager for ABN Amro Portfolio Managers. |
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| The company, has identified 10-15 heavyweight stocks, where it would be investing under concentrated portfolio, John said. |
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| About percentage-wise allocation of its investment into large, mid and small caps, Johri said, "The investment will be mix of mid as well as small caps. But, small caps would form a short portion of it." |
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| ABN AMRO, which also offers range of mutual funds, manages around Rs 4,000 crore worth assets. |
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