Portfolio Management Services

Portfolio Management Service

What is Portfolio Management Service?

Portfolio Management Services (PMS), a service offered by the Portfolio Manager, is an investment portfolio in stocks, fixed income, debt, cash, structured products, and other individual securities, managed by a professional money manager that can potentially be tailored to meet specific investment objectives. When you invest in PMS, you own individual securities unlike a mutual fund investor, who owns units of the fund. You have the freedom and flexibility to tailor your portfolio to address personal preferences and financial goals

Why Ashutosh Financial Services?

There are multiple instruments in which the NRIs can invest in India, however, Portfolio Management Services is the most preferred. Portfolio Management Service is a great option for you to grow your wealth back in India. Investing in Portfolio Management Service offers you a great deal of personalization and flexibility in investment decisions. Investing in PMS would also enable you to have easy access to the fund manager for better clarity. Through our years of experience, we assure you that we will select the best portfolio management service for your goals.

We have happily served 500+ clients over the last 20 years. We at Ashutosh Financial Services have a process-driven approach for providing NRI Services to the NRIs Investing In India. While Investing in India, the NRIs need to adhere to various rules and regulations of various institutions like FEMA (Foreign Exchange Management Act), Income Tax & RBI (Reserve Bank Of India). However, through our expert and qualified team, we assure you that we are more than enough capable of catering to all your needs.

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The first and foremost step would be to inform you about all the significant details of investing in a Portfolio Management Service. We will also inform you about the tax implications of investing in Portfolio Management Service. We will also discuss about all the regulatory formalities and documentation that you will have to adhere to. We also collect the necessary information regarding your financial position, and your goals to help us better in selecting a PMS scheme for you.

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One of the most important task is to assess the risk you can take. Based on the data collected by us in the preliminary meeting, we use our preset strategies to determine your risk-taking ability. Risk Assessment helps in identifying the right PMS scheme to be selected to ensure that your expectations are fulfilled.

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We, at Ashutosh Financial Services, take immense pride in being one of the very few companies in this field to have our own Research & Analysis Department. Once your goals and risks are ascertained, our research team will look at all the available Portfolio Management Services and determine the best scheme that will suit your future goals. The Research Team will look at the past performance of the scheme, the portfolio manager’s style of investing, the stock selection in the scheme, etc. Once all the factors are considered and all data examined, the final schemes that are worth suggesting are forwarded to our Top Management.

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Once the Top Management has reviewed and approved the scheme, you will be approached again with all the necessary documents. Along with the documents, you will also be given the data about the past performance of the scheme, the factsheets, and other relevant materials. 

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Once the investment process is concluded you will be provided with a dedicated relationship manager, who shall be available at all times to solve any queries. Apart from this we at Ashutosh Financial Services also do a periodical review of your investment to ensure that all your goals are being met consistently. We shall also contact you if there is a need to change any of your investments to achieve your goals after our periodic review.

Our Aim:

Our aim is to become your one-stop solution for your financial needs. Through our expert and qualified team, we try to give you the best advice regarding your investments. We also keep ourselves updated with all the activities happening in the world of finance. We aim to provide you with quality & unbiased services to secure your goals and future needs. We at Ashutosh Financial Services, are committed to continuously providing financial services to our investors to the best of our ability.

Our Key USPs are as under

Invest with Us

Type of IncomeTaxation levy in IndiaTDS rate (Withholding tax rates)*
Sale of Listed Shares – STT paid at the time of purchase and sale (except for shares purchased before STT came in force). Period of holding less than 1 year – Short Term Capital Gain.
Capital gain @ 15%. (U/s. 112A)
15% (U/s. 195)
Period of holding more than 1 year – Long Term Capital Gain.

Capital gain @ 10%.

Exempted up to Rs. 1,00,000.

(U/s. 112A)
10% (U/s. 195)

A Portfolio Management Service (PMS) is a service which provides professional management of investments to create wealth. It aims to cater to the investment needs of individuals or entities with high net worth value by providing them with investment solutions.

Advantage of equities as an asset class

Solutions customized to the needs of HNIs

Personalized attention

Portfolio Managers take buy/sell decisions on behalf of, but in consultation with a client
Portfolio Managers regularly interact with clients to update them on portfolio strategy, performance, and market outlook

Better handholding from his portfolio manager than he has been accustomed to either on his own or from his broker or mutual fund.

One can also expect to interact with the portfolio manager to discuss any concerns that he might have, though not frequently.

All administrative matters, including operating a bank account and dealing with settlement and depository transactions, will be handled by the Portfolio Manager.<.li>

The minimum ticket size of the portfolio we offer is Rs. 50 lakhs. There is no upper limit on the amount you can invest.

Under PMS, your portfolio is managed by a team of Portfolio Managers supported by research analysts. These specialists create and actively manage your portfolio to provide you returns in line with your stated investment objectives.

The fixed management fee being charged is much lower than that charged by others. We have consciously kept our fee more performance linked, as we strongly believe that it will align the interests of the firm and the client. It also incentives the Portfolio Manager since they have a stake in the profitability of the portfolio.

Here’s why you should opt for Portfolio Management Service:

The objective of Portfolio Management Service is to create wealth by delivering consistent long term performance with risk control.
1) PMA tracks the portfolios constantly by understanding the dynamics of equity as an asset class.
2) PMS got a defined investment philosophy and strategy which acts as a guiding principle in defining the investment universe.
3) PMS make sure that you are relieved from all the administrative hassles from your investments. We also provide periodic reports on the performance and other aspects of your investments.

Yes, you can opt for portfolio management services if you’re a Non-Resident of India (NRI). You will have to open a PIS account as required under RBI guidelines in order to invest in the PMS scheme.

Yes, for few portfolios a combination of cash and stocks can be paid to open a PMS account. The securities/shares in the initial portfolio will be realigned to fit the model portfolio.

Yes, the investor can book profits anytime they want. But as per SEBI regulations, the portfolio should not fall below the prescribed limit of Rs 50 Lakhs.

You are advised to consult your tax advisor for your specific tax consequences. The portfolio manager shall not be responsible for assisting you in fulfilling your tax obligations. Provisions of the Income Tax Act, 1961 will be applied to your manager in respect of your individual income.

Basically AMCs offer two types of Portfolio Management Services, discretionary as well as non-discretionary. In the discretionary portfolio management service, the discretion to invest primarily lies with the portfolio manager. Under non-discretionary services, the client decides his /her own investments. The portfolio manager is responsible for providing advice and facilitating the execution of transactions. The Portfolio Manager’s role is limited to providing research, investment guidance, and trade execution at the client’s request.

Fund Manager of PMS sends out the following reports to help you monitor the performance of your folio.

1. Fortnightly reporting: This gives you information like the portfolio net worth, a monthly report of holding, and bank balances
2. Quarterly reporting: This gives you details of portfolio holdings/transactions, net worth, ledgers, fees, corporate benefits, etc.
3. You’ve got access to the website showing client holding & quarterly reporting of portfolio holdings/transactions.

Yes, Portfolio Management Services completely supervised by the regulator of capital markets in India, SEBI. PMS can be offered only by entities having specific SEBI registration for rendering portfolio management services. Currently in India, it is offered by specialized PMS players, asset management companies (AMCs), and brokerage houses.

The minimum initial investment amount for these products is Rs. 50 Lakhs. This shall be invested across various products by the portfolio manager. The distribution may change according to the discretion of the portfolio. The fees and charges may be different according to the customization demanded by the client.

In the case of discretionary Portfolio Management Services, withdrawals and investment in various model portfolios would be at the discretion of the portfolio manager. In the case of non discretionary Portfolio Management Services, the said movement would be done post confirmation from the client.