Page 3 - Portfolio Management Services

PMS debt assets double since FY15; investors seek reassurance on holdings

Uncertainty around the outcome of the ongoing Covid-19 pandemic and their impact on business is weighing on a number of businesses

Ticket size hurdle for PMS investors looking for top-ups in falling market

Can't invest smaller sums unless they meet Sebi's minimum ticket size requirement of Rs 50 lakh

Investors seek to curb downside, with volatility hitting long-only products

In March, the ITI Long Short Equity Fund was down 0.48 per cent, as against Nifty's correction of 23.25 per cent

Equity market sell-off takes heavy toll on performance of PMS in March

According to the data sourced from PMS AIF World, several PMS offerings in the multi-cap space have fallen more than their respective benchmarks

Covid-19 impact: March meltdown sees PMS returns dropping by up to 41%

Close to 45% of multi-cap strategies fall more than respective benchmarks

Sebi defers key market reforms due to disruption caused by pandemic

The regulation was aimed at increasing voting participation and improving corporate governance standards

PMS players experiment with pay-only-for-profit model, skip fixed fees

The model has emerged during a period of regulatory change

Sebi puts expense cap on PMS providers, lays down performance standards

The regulator also laid down the performance standards for PMS providers

Small PMS players feel consolidation likely with higher minimum investment

Securities and Exchange Board of India recently increased the minimum investment in such funds from Rs 25 lakhs to Rs 50 lakhs

Timeline for PMS 2.0 guidelines worries Rs 16-trillion industry

Notification awaited a month after announcement; service providers fear sudden implementation

To strengthen conduct, Sebi asks investment advisers to do risk profiling

The Securities and Exchange Board of India (Sebi) noted that investment advisers (IAs) are providing advice on a free trial basis without considering risk profile of the client

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

Sebi proposes tighter disclosure, performance reporting norms for AIFs

The benchmarking report would have to be provided along wherever the performance of the AIF is disclosed

Strengthening regulation

Sebi should have taken up the issue of auditors' resignations

Sebi proposals to make portfolio management transparent, investor friendly

Among the significant recommendations for investors, the working group has proposed to raise the minimum investment amount to Rs 50 lakh from the existing Rs 25 lakh

Banks, national distributors skip mutual funds for insurance, PMS

Move follows regulatory diktat to reduce total expense ratio, shift to trail commissions

Sebi likely to tighten regulatory framework for portfolio managers

Working group looks at improving disclosure standards, proposes scrapping of hurdle-rate for performance fee

Portfolio managers pin growth hopes on Budget proposal for NRIs

Market participants said the industry can tap into NRI investments waiting on the sidelines, which is yet to translate into flows on account of some of these operational challenges

Shift portfolio management operations to subsidiary, RBI tells SBI

SBI's subsidiary SBIFMPL is the fourth-largest asset manager in India and caters to HNIs along with domestic and offshore investors

How uniform PMS reporting standards will make fund selection easier

In the absence of easy availability of PMS data, investors have to depend on advisors