PMS Investors

The market regulator said clients of non-discretionary portfolio management services may pledge securities for loans if the decision is taken independently and for their own benefit

India's small and midcap profit pools are expanding faster than large-caps, driven by the manufacturing, capital goods, and infrastructure upcycle

Transfer of PMS business will now be permitted with Sebi's prior approval, provided the process is completed within two months of regulatory clearance

Investing in PMS should be looked at as a test series. You can judge consistency on an ongoing basis but the outcome is drawn out as per the stated objective of the fund

Stock market outlook: A new high in markets before the end of 2025 looks well within reach, provided earnings deliver and global stability holds, says Rajkumar Singhal, CEO, Quest Investment Advisors

Compliance walls could begin to crack as sovereign and pension money nose their way in

Markets regulator Sebi on Tuesday barred Kalapi Shah, responsible for conducting business of Teji Mandi Analytics Private Ltd (TMAPL), from the securities market for five years, for flouting portfolio management services rules. Teji Mandi, a registered authorized person of Anugrah Stock and Broking Private Ltd (ASBPL) with NSE, aided ASBPL in carrying out the portfolio management services (PMS) activities in violation of the norms. In its order, Sebi said that Kalapi Shah, the husband of Riddhi Kalapi Shah, along with Anil Gopal Gandhi, was instrumental in managing the affairs of TMAPL. In other words, Riddhi was only a 'namesake director' and was 'filling-in' for her husband. Further, Sebi noted that the affidavit dated August 19, 2020 submitted to it also reaffirmed his responsibility for conducting the business of TMAPL. Besides, the regulator noted that while performing the role of a director on behalf of his wife, Kalapi Shah even signed the board resolutions, sent e-mail ...

PMS has higher costs due to 2-3% management fees plus performance fees, reducing returns; mutual funds have only management fees

Industry experts believe it may eat into some of the existing assets of MFs, PMS

Globally, growing number of parliamentarians are worried about legitimised gambling via stock exchanges which has social and financial implications, said CJ George, founder & MD, Geojit Financial

Markets regulator Sebi on Thursday decided to promote collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them. The move is aimed at promoting ease of doing business initiatives for portfolio managers. The new directive would come into effect from January 1, 2025, and APMI would issue the criteria for registration of distributors by July 1, this year, Sebi said in a circular. "In order to facilitate collective oversight of PMS (Portfolio Manager Services) distributors at the industry level, it has been decided that any person or entity involved in the distribution of portfolio management services shall obtain registration with APMI," Sebi said. Portfolio Managers have been asked to ensure that any person or entity engaged in the distribution of its services has obtained registration with APMI, in accordance with the criteria laid down by APMI. This is in line with the practice already being follow

Registration for distributors is not mandatory at present. However, they are required to have specific certification from the National Institute of Securities Markets (NISM)

Markets regulator Sebi on Thursday proposed promoting collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them and facilitating ease of digital onboarding process for portfolio managers' clients. The proposals are aimed at promoting ease of doing business initiatives for portfolio managers. This came after the Finance Minister in the Budget announcements for the financial year 2023-24 made an announcement to simplify, ease, and reduce the cost of compliance for participants in the financial sector through a consultative approach. In its consultation paper, the regulator proposed making registration with APMI mandatory for PMS (Portfolio Manager Services) distributors. The recommendation is in line with the practice already being followed in the mutual fund industry, wherein, mutual funds distributors are required to register with the Association of Mutual Funds in India (AMFI) and obtain an ARN (AM

Market's focus has shifted to corporate earnings' growth, backed by comfort in valuations, says Naveen Kulkarni, chief investment officer at Axis Securities.

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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