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Portfolio Management Services

Portfolio Management Services (PMS) are regulated by SEBI and governed by regulations. To invest in PMS, a minimum corpus of Rs. 25 lakhs is required. PMS accounts can be opened with a combination of securities and cash. PMS are available to Indian nationals and NRIs. PMS are meant for high net-worth individuals and institutions who want personalized financial management. A portfolio manager registered with SEBI provides investment services. An agreement is signed giving the portfolio manager power of attorney to manage the client's portfolio. Portfolio managers cannot impose lock-ins but may charge exit fees. PMS involve research to provide customized solutions to achieve investment objectives. There are discretionary and non-discretion

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Sumit Dewani
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202 views7 pages

Portfolio Management Services

Portfolio Management Services (PMS) are regulated by SEBI and governed by regulations. To invest in PMS, a minimum corpus of Rs. 25 lakhs is required. PMS accounts can be opened with a combination of securities and cash. PMS are available to Indian nationals and NRIs. PMS are meant for high net-worth individuals and institutions who want personalized financial management. A portfolio manager registered with SEBI provides investment services. An agreement is signed giving the portfolio manager power of attorney to manage the client's portfolio. Portfolio managers cannot impose lock-ins but may charge exit fees. PMS involve research to provide customized solutions to achieve investment objectives. There are discretionary and non-discretion

Uploaded by

Sumit Dewani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Portfolio Management Services:

Portfolio Management Services are completely supervised by the regulator of capital


markets in India, SEBI and is governed by the SEBI Portfolio Managers Regulations1993

As per the SEBI regulations, to invest in PMS you must have a minimum corpus of Rs.
25 Lacs. However there is no upper limit on the amount you can invest.

PMS account can be opened with a combination of securities and cash. The intial
portfolio of securities/ shares will be re-aligned as per the model portfolio.

Portfolio Management Services are open for all Indian nationals, resident or otherwise.
NRIs will have to open a PIS Account as required under RBI guidelines in order to invest
in the PMS scheme.

It is meant for HNIs or institutions who want a personalized management of their


finances.

The investment services are provided by a Portfolio Manager registered with SEBI.

An agreement is signed between Portfolio Manager and a client who transfers his Power
of Attorney to the Portfolio manager to manage his portfolio. This agreement is further
stamped by Notary therefore giving it a legal perspective.

Portfolio managers cannot impose a lock-in on the investment of their clients. However, a
portfolio manager can charge exit fees from the client for early exit, as laid down in the
agreement.

A team of expert professionals conduct extensive research on markets to provide a


customized solution to achieve unique investment objectives.

It is of two types:

1. Discretionary Portfolio Management Service (PMS):


In discretionary portfolio management services, your customized portfolio is tracked,
monitored and optimized by portfolio managers. The portfolio manager individually and
independently manages the funds of each client in accordance with the needs of the
client.

2. Non-Discretionary Portfolio Management Service (NDPMS):


It offers Portfolio Management Services in a consultative method. The non-discretionary
portfolio manager manages the funds in accordance with the directions of the client.

Investment Options - Equity / Debt


About Mutual Funds & PMS
Positioning of Mutual Funds in investment space
Positioning of PMS in investment space.
ICICI AMC's business on PMS Vertical
Products
Process
Competition Landscape
PMS's USP's & its challenges
Role of PMS in Asset allocation
PMS Vs Direct Equity
Questionnaire
Questionnaire Findings
Closing Comments

Dear Areeb sir,


Hope this mail finds you in good health and great spirits.

I am from your junior batch in FMS-BHU and this mail is in regard to my summer
internship report.
I have been doing my SIP in ICICI Prudential Asset Management Company and I
have made my report but got stuck on the analysis part, so Vishwadeep sir
suggested me to take your help on it, actually I am not able to decide that what
statistical tools I should apply so as to make my report more appealing.
Please help me on the analysis part.
Research studies have proved that investments in some shares with a longer tenure of
investment have yielded far superior returns than any other investment. The average
annual return of the stock market over the period of last fifteen years, if one takes the
Nifty index as the benchmark to compute the returns, has been around 16%.
However, this does not mean all equity investments would guarantee similar high returns.
Equities are high risk investments. Though higher the risk, higher the potential returns, high risk
also indicates that the investor stands to lose some or all his investment amount if prices move

unfavourably. One needs to study equity markets and stocks in which investments are being
made carefully, before investing.

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