Residents - FAQ's
Who can sign PMS ?

An individual
HUF
Body Corporate
Non-resident Indian (subject to certain conditions)

Where will my funds be invested ?

The funds would be invested in equity shares of the companies listed on the recognized stock exchange of India.

Currently, we are focusing on only equity shares and at times, we consider sitting on cash or investing in gilt securities for short time in case the right investing opportunities are not available.

We do not engage the funds of the clients in making intra-day trading or trading in future and options.

Will the investment be in my name ?

Yes, under PMS, a bank account and demat account are separately opened in your name & all investments are made in your name only. Accordingly, any income accruing out of the investment made will also be credited in your bank account and the shares will be held in the Dmat account in your name.  As per the PMS agreement, the Power of Attoreny for operating the bank and dmat account will be with the portfolio manager.

Can I introduce my current portfolio of investments ? What is the minimum size of investments ?

Yes, it is not necessary to introduce fresh funds, existing portfolio with market value more than Rs.25 lakhs can be introduced as investment.  Also fresh funds of Rs.25 lakhs or more in your newly opened bank account can be considered as a valid portfolio.  As per SEBI guidelines, minimum size of the portfolio of a client has to be Rs.25 Lakhs.

Will I have any control over my portfolio ?


Under discretionary portfolio management services, the investor can mention specific needs (sector restrictions) which the fund manager will keep in mind while investing your funds.  However, the sole authority of investment decisions will be with the portfolio manager.

You may opt for non discretionary services where the client has the option to invest/not invest at his own discretion on the basis of the portfolio manager’s recommendations.
      
What is an Investment Horizon Period that I should keep in mind before providing funds to you ?

There is no lock in period. However, considering the benefits of long term investments, it would be advisable to have the investment horizon period of at least 18-24 months. 

How do I know value of my portfolio ?

You will specific username and password which can be used to login on our website and can see the portfolio statements.  As per SEBI instructions, a Portfolio Manager is required to furnish performance report to their clients every 6 months. However, at Care, it is provided on a quarterly basis which will be available on the website.

How are the fees charged for the Portfolio Management services ?

The fees will be as per agreement between you and the Portfolio Manager. The fees will be payable annually depending on the growth and the value of the portfolio at the year end.

What kind of return can I expect ?

As per SEBI guidelines, a portfolio manager cannot give any gurantee towards achieving any specific returns.  However, with a calculated risk and keeping downside protection in mind, we will endeavour to outperform the returns provided by the stock market indices.

How safe are my securities under portfolio management service ?

Axis Bank Limited is a Depository Participant with National Securities Depository Limited (NSDL).  This ensures complete safety in operations. Stock ownership always rests with the client. We are registered as a Portfolio Manager with Security Exchange Board of India (SEBI) and are governed by them through regulations and regular reporting. Certificate of Registration as Portfolio Manager is INP 000004128.

What are the risks involved ?


Investments are subject to market risks and there is no assurance or guarantee that the objective of the Portfolio Management Service will be achieved. The value of return on investments made may appreciate or depreciate to an unpredictable extent. Past performance of the portfolios does not indicate the future performance.

How do I sign up ?

You can drop in an email at info@carepms.com and our office representative will get in touch with you shortly.

 

Non-Residents Indian - FAQ's
Can a non-resident Indian (NRI) / Person of Indian Origin (PIO) invest in shares in India?
How can NRI invest in shares in India?
How the investment is bifurcated between repatriation and non-repatriation basis?
What is the difference between investments done through NRE and NRO accounts?
How payments could be made by NRIs for shares purchased on stock exchange?
How the proceeds from the investments be credited?
How the funds can be remitted outside India?
What is the tax implications on income received from investments in shares in India?
Is it compulsory for an NRI to file tax returns?
Why the NRI should file the ROI?
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