What is PMS
What is Portfolio Management ?

Portfolio Management means managing the funds of the client and investing them in stocks, fixed income securities, debt, cash, structured products and other securities that are tailored to meet specific long term investment objectives of investors.

Who is a Portfolio Manager ?

A portfolio manager is a body corporate who, pursuant to a contract or arrangement with a client, advises or directs or undertakes on behalf of the client (whether as a discretionary portfolio manager or otherwise), the management or administration of a portfolio of securities or the funds of the client.

What is the difference between a discretionary portfolio manager and non discretionary portfolio manager ?

A Discretionary Portfolio Manager manages the funds of his clients individually and independently.
A Non Discretionary Portfolio Manager manages the funds of his clients in accordance with the directions issued by the client (mainly acting as an advisor)

What are the requirements to become a Portfolio Manager in India ?

To become a portfolio manager in India, license from SEBI is required to be obtained. This license is granted only after due verification of the qualifications/ capabilities of the applicant(s) and other criteria like experience in capital markets and a minimum networth of Rs. 2 Crores.

A portfolio manager is regulated by SEBI Portfolio Managers regulations and monitored by SEBI through periodical reports filed by Portfolio Manager.

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