Pms Investors

New asset class to foster innovation, raise competition, say experts

Industry experts believe it may eat into some of the existing assets of MFs, PMS

'Discount broking space getting overcrowded; Sensex can hit 100,000'

Globally, growing number of parliamentarians are worried about legitimised gambling via stock exchanges which has social and financial implications, said CJ George, founder & MD, Geojit Financial

Sebi makes mandatory registration of PMS providers with industry body APMI

Markets regulator Sebi on Thursday decided to promote collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them. The move is aimed at promoting ease of doing business initiatives for portfolio managers. The new directive would come into effect from January 1, 2025, and APMI would issue the criteria for registration of distributors by July 1, this year, Sebi said in a circular. "In order to facilitate collective oversight of PMS (Portfolio Manager Services) distributors at the industry level, it has been decided that any person or entity involved in the distribution of portfolio management services shall obtain registration with APMI," Sebi said. Portfolio Managers have been asked to ensure that any person or entity engaged in the distribution of its services has obtained registration with APMI, in accordance with the criteria laid down by APMI. This is in line with the practice already being follow

Sebi considers mandatory registration of PMS distributors with APMI

Registration for distributors is not mandatory at present. However, they are required to have specific certification from the National Institute of Securities Markets (NISM)

Sebi considering mandatory registration of PMS distributors with APMI

Markets regulator Sebi on Thursday proposed promoting collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them and facilitating ease of digital onboarding process for portfolio managers' clients. The proposals are aimed at promoting ease of doing business initiatives for portfolio managers. This came after the Finance Minister in the Budget announcements for the financial year 2023-24 made an announcement to simplify, ease, and reduce the cost of compliance for participants in the financial sector through a consultative approach. In its consultation paper, the regulator proposed making registration with APMI mandatory for PMS (Portfolio Manager Services) distributors. The recommendation is in line with the practice already being followed in the mutual fund industry, wherein, mutual funds distributors are required to register with the Association of Mutual Funds in India (AMFI) and obtain an ARN (AM

Most investors expect a market correction: Naveen Kulkarni, Axis Securities

Market's focus has shifted to corporate earnings' growth, backed by comfort in valuations, says Naveen Kulkarni, chief investment officer at Axis Securities.

Top headlines: Wipro fires 452 freshers, Sodhi's exit from Amul and more

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Setting standards

New guidelines will increase transparency in PMS

Sebi issues performance benchmarking guidelines for PMS industry

Portfolio managers to adopt an additional layer of broadly defined investment strategies while managing clients' funds

Drop in share of advisory assets in PMS funds during past 12 months

Overall PMS assets have been on the rise amid buoyant markets

IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

Less than a decade since launch, AIF commitments to cross Rs 7 trn mark

There is optimism that the Rs 7 trillion mark will likely be crossed soon, given the recent momentum

Sebi cautions investors against funds raised by unauthorised PMS providers

Capital markets regulator Sebi on Monday cautioned investors against unauthorised money mobilisation by entities claiming to provide portfolio management services. Further, the regulator noted that these entities have been luring the public, with a promise of high returns, through pamphlets and social media platforms. It was observed that in such schemes, the entities have been mobilising money in relatively smaller amounts and promising assured returns, Sebi said in a statement. The advisory comes after the Securities and Exchange Board of India (Sebi) noted that some entities are collecting money from the public claiming to provide portfolio management services. Some of the entities have names similar to that of Sebi-registered intermediaries, misleading the public, as though the fund raising is genuine and done by entities registered with the regulator. Sebi, therefore, cautioned "investors not to fall prey to such unauthorised money collection" and advised them to deal only wit

Sebi introduces prudential limits on PMS investments in related firms

The Securities and Exchange Board of India (Sebi) has imposed prudential limits on investments by portfolio managers in their own associates or related parties.

'Shining beacon in India's story': Nation pays tribute to the Big Bull

Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985. At that time, Sensex was at 150 points

Long-short funds hold fort, deliver 0.17% returns amid market rout

Long-only funds are down 5.85 per cent on a median basis over the last month, according to data from tracker PMS Bazaar

More is less in client communication

Sarika likes to go through all the communication she receives and then take an informed decision. She was hassled because this deluge was hindering her

Assets of alternative investment funds cross Rs 6 trillion in 2021

AIFs have a minimum ticket size of Rs 1 crore and aim to offer investors access to sophisticated strategies across different asset classes

Minerva India Underserved, Dynamic PMS outdid Nifty in August

Right Horizon's Minerva India Underserved continued its dream run, gaining 13.1 per cent in August

Sebi notifies certification requirements for distributors, staff of PMS

Sebi has put in place certification requirements for associated persons engaged by portfolio managers as distributors or employees having decision-making authority related to fund management.