 "markets, stock market, brokers, brokerages, sensex, correction, nifty, shares, growth, profit, economy, gain")
The share of the advisory segment in the assets of portfolio management service (PMS) service providers has been falling of late.
The 12-month rolling average figure at the end of October was 8.61 per cent, the lowest on record. Overall PMS assets under management, on the other hand, were at a record high in October, led by other segments such as discretionary and non-discretionary PMS funds.
The advisory segment is where the PMS provider only renders advice. It is up to the client to make the final decision and execute the trade. The non-discretionary segment is similar, but the PMS
