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Is Portfolio Management Service different from a mutual fund?
Portfolio management, unlike mutual funds, is a highly personalised service. Each investor has a separate portfolio of shares. Besides, there is no entry or exit load in PMS.
What is the minimum investment requirement for PMS?
As per the SEBI guidelines the minimum investment for PMS is Rs.5 Lacs.
Is my capital guaranteed?
Equity investments are subject to market risks. Hence, the capital is not guaranteed.
Is there any lock-in period for my investments?
As per SEBI guidelines, there is no lock-in period for your investments. You can withdraw your funds partially or terminate the account at any time.
Are portfolios treated differently, based on the management fee?
No, the composition of a portfolio may vary depending on the age and risk profile of the investor.
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How to avail Portfolio Management Service (PMS)?
A PMS agreement has to be signed between the investor and the portfolio manager. An identity proof (copy of PAN card/Passport) along with a photograph is required..
What about my tax liability?
In PMS there are 3 types of incomes:
Short term gains: : Profits realised on sale of investments within one year; taxed at 15%.
Long term gains: Profits realised on sale of investments after one year; tax free
Dividends: Tax free.
I’m an NRI. Can I avail of your Portfolio Management Service (PMS)?
Yes you can, through the Portfolio Investment Scheme (as allowed by the Reserve Bank of India) either on a repatriation or non-repatriation basis.
How can I track my investments?
We update you with information in following ways:
Daily reporting by e-mail/ Weekly hard copy option
Complete picture on your investment though our website
Audited, comprehensive year-end report to facilitate tax payments
Access to relationship manager any time
Access to research notes generated by our in-house team
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