PMS asset growth outpaced client additions in 2019, shows Sebi data

Interestingly, the addition in clients is also slower than the 32 per cent increase seen in the previous year

The portfolio management industry added assets faster than it added clients, suggesting a shift in anticipation of regulatory changes made during the year.

The total assets under management for portfolio management services (PMS) is up 16 per cent (to Rs 17.7 trillion) so far in 2019, more than double the 7 per cent growth seen in the previous year.  

The total number of clients has, however, risen at a slower pace.  It is up 12 per cent, from 140,000 to 160,000, shows the regulatory data.  

Interestingly, the addition in clients is also slower than the 32 per cent increase seen