Portfolio Management Services

New asset class may take wing; decision likely at Sebi meeting on Sep 30

Board meeting on Sep 30, first since conflict of interest allegations against chairperson

Simplify your DIY portfolio management with multi-asset fund of fund

The FoF fund manager picks multiple schemes, depending on the FoF's mandate

Emkay Investment Managers launches new alternative fund; eyes Rs 500 crore

Portfolio management firm Emkay Investment Managers Ltd (EIML) on Thursday announced the launch of an alternative investment fund -- Emkay Capital Builder Fund-- through which it is aiming to mobilise Rs 500 crore in the next 6 to 8 months. The open-ended category III Alternative Investment Fund (AIF) -- Emkay Capital Builder Fund-- is hoping to generate long-term capital appreciation for investors from a portfolio of equity and equity-related securities. This will be a multi-cap portfolio of around 20-25 stocks. "Emkay Capital Builder AIF caters to the growing preference for Alternative Investment Funds as an investment avenue amongst UHNIs in India. Our bottom-up stock-picking strategy will help in formulating a winning AIF portfolio backed by the robust E-Qual model to mitigate risks related to management quality," Sachin Shah, Executive Director and Fund Manager, Emkay Investment Managers Ltd, said. In a webinar on opportunities in AIFs, the portfolio management firm said," EIM

Expecting daily positive moves in stock market is unreasonable: Parekh

Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview

Our small, midcap portfolios haven't participated in the rally: Marcellus

Given the macroeconomic strengths, the market is pricing in a reasonable earnings growth and hence justifying current valuations, Pramod Gubbi of Marcellus Investment Managers said in this interview

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

Portfolio management service schemes outperform in January, shows data

The analysis considered 97 schemes which have the Nifty 50 Total Returns Index as its benchmark. Around 73 outperformed in January

Mutual fund industry exploring a new product with 'flexible norms'

The MF product, if introduced, will also have a minimum investment threshold but will likely be much lower than that of PMS

We've been exploring themes with secular implications: Prakash Kacholia

The strong first-quarter FY24 earnings are expected to normalise in the coming quarters, with a potential growth rate of 20-22 per cent, said Kacholia

Portfolio management industry to expand, asset base to grow 25%: Experts

Rise in high net-worth individuals and their need for diversification beyond traditional investment products contributed to a 15 per cent year-on-year gain in the asset base of portfolio management services to Rs 28.5 lakh crore at June-end, experts said. The industry is further expected to grow at 20-25 per cent over the next 3-5 years, they said. Additionally, the customized nature of PMS (portfolio management scheme) services and an evolving regulatory landscape that fosters trust and innovation also helped in the growth of the industry. This growth is not just limited to assets, the clientele base has also expanded. The number of PMS clients in the country surged to 2.8 lakh by June, reflecting a 10 per cent growth from the preceding year, industry data showed. Delving deeper into the numbers, the average ticket size for PMS clients in the country stood at an impressive Rs 10 crore. This indicates the significant trust and capital that investors are placing in PMS, Sonam ...

As AIFs rise in popularity, PMS industry feels the heat: Sebi data

In May, PMS clients stood at 125,390, down 20,528 since April, shows Sebi data

PMS benchmarking norms: Industry players seek three-month extension

Cites technological and compliance challenges ahead of April 1 deadline

Over 70% of PMS plans, investment vehicle for the wealthy, lagged in 2022

Small-cap schemes only ones to do better than their respective indices in 2022

Debt assets power PMS growth amid equity dip, accounts for 80% of assets

Outlook for PMS debt schemes seems positive going forward, with likelihood of superior returns once rate hike cycle ends

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

Base effect contributing to small-cap funds' 30% return over three years

Limit exposure to this volatile category to 10-15% of equity portfolio, enter with 7-10-year horizon

Fund houses rush to acquire talent as tightening of compliance rules weighs

New hires demand compensation beyond standard hikes to make up for impact on take-home pay due to the skin-in-the-game norms; seasoned professionals quit in droves

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