“I think AMCs are looking at the numbers a little incorrectly, which makes them, wo kehte hai na, Galib yeh dil ko bhelane ke liye khayal achcha hai. Because there is no way to segregate a folio as SIP folio and lump sum folio,” says Feroze Azeez, Dy CEO, Anand Rathi Wealth.It is kind of … Read more
The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more
The increase in capital gains tax in the Union Budget makes it tougher for PMS fund managers, who handle money for rich investors, to beat the good old mutual funds. While MFs themselves are not taxed when they churn portfolios, crorepati clients of PMS schemes are taxed, which can lead to inferior post-tax returns. With … Read more
India’s capital market regulator has proposed a new asset class, different from mutual funds, Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs). A look at what this means: What is the new asset class that’s in the works? To meet the growing demand for financial products in India, the Securities and Exchange Board of … Read more
Beating Nifty, midcaps and smallcaps by a hefty margin, a PMS fund focused on SME stocks has trumped peers by a wide margin by delivering an eye-popping return of 23.81% in June. Run by Hem Securities, India Rising SME Stars fund has topped the list of PMS funds, used by HNIs to park surplus capital, … Read more
“1 crore invested in our PMS has become 2.57 crores versus 1.87 crores in the index. And the returns came with lower volatility,” says Devina Mehra, Founder, and chairperson of First Global. In an interview with ETMarkets, Mehra said: “Key in international investing is that the leadership keeps changing terms of asset classes and countries … Read more
A fair part of the expected returns in 2024 probably came through in the last 2 months of 2024, as investors globally have discounted a steep rate cut cycle, says Shankar Raman, chief investment officer at Centrum Wealth. “As such, further upmoves require growth surprises hereon – in the context of a slowing global economy … Read more
