Page 3 - Portfolio Management Services
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 ...
 "PMS, AIF asset base set to cross Rs 50 trn in 10 years: PMS Bazaar")
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
 "Majority of PMS schemes underperform Nifty in October, shows data")
Long-only AIFs outperform long/short peers, give median returns of 3.4%
Long/short funds (of which data is available for 13) gave median returns of 2.73 per cent
 "Long-only AIFs outperform long/short peers, give median returns of 3.4%")
BSE launches StAR MF Plus, premium platform for distributors, clients
StAR MF Plus will offer complete front office, order management, analytics, back office and business support solutions, the exchange said in a statement
 "BSE launches StAR MF Plus, premium platform for distributors, clients")
PMS players face power of attorney worries amid Covid-19 pandemic
Getting signatures on physical documents a concern amid Covid-19 pandemic
 "PMS players face power of attorney worries amid Covid-19 pandemic")
Financial advisers ask Sebi to extend deadline for renewal of certification
According to experts, renewal of certification through CPE points is a globally accepted norm
 "Financial advisers ask Sebi to extend deadline for renewal of certification")
Saurabh Mukherjea settles insider trading case with Sebi, pays Rs 1.38 cr
Analyst and money manager allegedly procured price-sensitive information from senior officials of Mannapuram Finance in 2013
 "Saurabh Mukherjea settles insider trading case with Sebi, pays Rs 1.38 cr")
Sebi directs PMS providers to share commission details with clients
Experts say directive will help clients understand product being offered is for commissions or merit
Street signs: Nifty in bullish territory, HNIs look to break even, and more
Rossari Biotech will make its stock market debut this week following a hugely successful IPO, which saw 80 times subscription
 "Street signs: Nifty in bullish territory, HNIs look to break even, and more")
91 of 133 PMS strategies beat benchmarks in one year, shows data
The study considers point-to-point returns for different periods and total return index for both categories
 "91 of 133 PMS strategies beat benchmarks in one year, shows data")
Money managers remain bearish as only 10% expect V-shape recovery: BofA
Cash levels remain elevated at 5.7% compared to a 10-year average of 4.7%
 "Money managers remain bearish as only 10% expect V-shape recovery: BofA")
PMS debt assets double since FY15; investors seek reassurance on holdings
Uncertainty around the outcome of the ongoing Covid-19 pandemic and their impact on business is weighing on a number of businesses
 "PMS debt assets double since FY15; investors seek reassurance on holdings")
Ticket size hurdle for PMS investors looking for top-ups in falling market
Can't invest smaller sums unless they meet Sebi's minimum ticket size requirement of Rs 50 lakh
 "Ticket size hurdle for PMS investors looking for top-ups in falling market")
Investors seek to curb downside, with volatility hitting long-only products
In March, the ITI Long Short Equity Fund was down 0.48 per cent, as against Nifty's correction of 23.25 per cent
 "Investors seek to curb downside, with volatility hitting long-only products")
Equity market sell-off takes heavy toll on performance of PMS in March
According to the data sourced from PMS AIF World, several PMS offerings in the multi-cap space have fallen more than their respective benchmarks
 "Equity market sell-off takes heavy toll on performance of PMS in March")
Covid-19 impact: March meltdown sees PMS returns dropping by up to 41%
Close to 45% of multi-cap strategies fall more than respective benchmarks
 "Covid-19 impact: March meltdown sees PMS returns dropping by up to 41%")
Sebi defers key market reforms due to disruption caused by pandemic
The regulation was aimed at increasing voting participation and improving corporate governance standards
PMS players experiment with pay-only-for-profit model, skip fixed fees
The model has emerged during a period of regulatory change
Sebi puts expense cap on PMS providers, lays down performance standards
The regulator also laid down the performance standards for PMS providers
 "Sebi puts expense cap on PMS providers, lays down performance standards")
Small PMS players feel consolidation likely with higher minimum investment
Securities and Exchange Board of India recently increased the minimum investment in such funds from Rs 25 lakhs to Rs 50 lakhs
 "Small PMS players feel consolidation likely with higher minimum investment")