Portfolio Management Services in India
Markets are complex and extremely volatile. Not every investor is equipped or has time or is willing to manage their equity exposure on their own. You need a surgeon’s skill to discard the bad and revitalise the good. A PMS fund manager performs that role for a customer’s portfolio. It is best to leave it to experts to manage the funds.
Portfolio Management Services offered by ACMIIL is managed by the professional fund managers by customizing your portfolio according to your financial goals.
OUR Investment Philosophy
At ACMIIL, we combine the scientific approach of investing with the principles of value investing preached by world-renowned investors like Benjamin Graham and Warren Buffet to provide you one of the best portfolio and wealth management services in India.
While the scientific approach enables us to be consistent in managing portfolio risk, the principles of value investing enables us to find stocks that are currently undervalued and have the potential to generate wealth of you. We simply do not buy stocks, we help people buy valuable businesses. Our goal here is to provide fundamental value to you as an investor who trusts us with their time and funds.
Our PMS Strategies
1. Ace Multicap
Portfolio of best stocks in the market
Best stocks from Large, Mid and Small Cap universe with minimum 1000cr market-cap.
2. Ace Allocator
Multi-asset all season portfolio
A multi-asset equity oriented portfolio to tide through ups and downs of the market.
3. Ace Regular Income
Targeting long-term inflation protected income stream
A regular pay-out equity strategy that pays upto 1% of the closing value per month
4. Ace 50 - Ultra-large cap
An institutional portfolio to take exposure to India Inc. (largest 50 stocks) with higher weightage to undervalued stocks.
5. Ace Large Cap
A true Large Cap select strategy picking best quality, most undervalued stocks from top 100 stocks.
6. Ace Mid Cap
A pure Mid Cap select strategy picking best quality, most undervalued stocks from a Mid-cap universe of 150 stocks.
Stock Selection Methodology
Super Normal Companies & Super Normal Price
Guidelines for Investing in PMS
There are certain guidelines to follow to invest in PMS. It is important to adhere to it as an investor while looking for the best portfolio management companies:
- We suggest a 3-year horizon for all your investments, because we believe in long term investing. We do not frequently churn your portfolio.
- We review the portfolio on daily basis, but we suggest removal and addition of scrip’s only when there is a major change in the company’s outlook. This is generally once a year.
- Based on your risk profile you may select the various strategy that we presently have ie. ACE-Multicap, ACE-Income, ACE-Allocator, ACE-Midcap, ACE-50 & ACE-15.
- We provide PMS services only on Discretionary basis. That means we will select the companies for in investment on your behalf, you may opt for the strategy based on your risk appetite but the final selection of company will be done by our research department. Entry and exits from the company are governed by the terms of agreement between you and sour company.
- Please note past performance does not guarantee future performance.
- Stock market investments are subject to market price fluctuation risk.
- We have appointed Orbis Financial---as our custodian for funds and shares which lie in your PMS. You will have to open a bank account (For ACE-Income scheme only) and a Depository account with them
- Broking account can be opened with our company or you can appoint any broker for executing the PMS trades or use your existing broker. In case you use any other broker, we will have to develop online communication links to place your orders.
- Dividends will be directly credited to your bank account with custodians.
- We have designated a customer service manager who will explain the Portfolio performance on quarterly basis.
- Minimum funds to be invested as required by SEBI is Rs. 50 lakhs.
|PMS Schemes||Date of Inception||1M||3M||6M||9M||1Y||2Y||3Y||Since Inception||Unannualized Inception|
|Benchmark (Nifty 500)||9.5%||-0.8%||-1.7%||-2.8%||7.3%||27.4%||17.5%||10.6%||48.50%|
|Benchmark (Hybrid Index)||7.0%||-0.3%||-0.8%||-1.5%||6.7%||21.2%||14.1%||11.7%||52.90%|
|Benchmark (BSE Midcap)||9.9%||-1.5%||-2.3%||-4.9%||4.2%||32.2%||20.8%||6.7%||34.90%|
|Benchmark (BSE 100)||9.2%||-0.3%||-0.5%||-2.2%||8.8%||25.3%||16.1%||10.6%||58.90%|
* All Performance above are as of 31st July 2022& computed on Pooled Portfolio
Performance up to 1 Year is absolute and above 1 Year is CAGR
Past Performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Please read the disclosure documents carefully before investing. Portfolio Management Services are market linked and do not offer any guaranteed/assured returns
We have 2 fee options available. Clients can opt for any 1 of the following 2 models:
- Fixed Fee Model –Charged as a % of AUM on a daily NAV basis and deducted quarterly.
- Performance Fee Model – A smaller portion of the fee is charged (similar to the Fixed Fee Model). Another portion is charged as a % of returns in excess of the hurdle rate (at present 10%), payable quarterly based on the profits on pro-rata basis. Charged on Notional Profit with high watermark applicable
- Securities and Exchange Board of India has prescribed specific regulations for monitoring the performance of a Portfolio Manager.
- A company desirous of providing PMS service must be registered with SEBI.
- There is a minimum net worth of Rs 2 crores, for the Portfolio Manager who have registered before 16th January, 2020. Portfolio Manager cannot guarantee any minimum returns to the custome.
- Minimum amount that can be invested in PMS strategy is Rs. 50 lakhs.
- Half Yearly returns & AUM certified by auditors are filed with SEBI.
- The Disclosure document that is signed with the customer is also filed with SEBI.
- SEBI does not guarantee safety of money of the customers, all it does is prescribe guidelines to ensure that the fund manager works within a tight set of rules.
- SEBI issues guidelines from time to time strengthening the regulatory framework of relationship between the Portfolio Manager and his customers.
Taxation And PMS
Tax for the PMS investment is to be paid as per applicable laws As per current laws Dividends are subject to tax. You may consult your financial consultant/tax consultant for filing of Income tax returns.
Agreement for PMS
Our Portfolio Management Service agreement copy can be downloaded on request. Please fill you contact details or email us at email@example.com or call us at: 22 2858 3759
We appoint Distributors for marketing our Portfolio Management Services. Please send your inquiry on Franchisee Inquiry Form.
Investment in securities market are subject to market risk, read all the related documents carefully before investing. Investors are required to carefully consider their investment objectives, risk appetite, risks involved, and the charges and expenses involved, before investing.
Past performance is not indicative of future performance and future results. It is not possible to invest directly in an index. ACMIIL does not sponsor, endorse, sell or promote any investment fund or other investment vehicle that is oﬀered by third parties and that seeks to provide an investment return based on the performance of any index. However, the recommendations made by ACMIIL could be those that are based on its own research. Any performance/returns presented here or separately are based on Time-weighted rate of return on an Aggregate portfolio for strategy evaluation. Performance related information provided is not veriﬁed by SEBI. Portfolio performances are post-expenses. Individual returns of Clients for a particular portfolio may vary signiﬁcantly from the performance of the other portfolios. No claims may be. made or entertained for any variances between the performance depictions and individual portfolio performance.
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Frequently Asked Questions- PMS
Portfolio Management Services (PMS) is a customized financial solution for high-net-worth individuals. One of the well-known features of PMS is its flexibility with the investor’s money and good returns. There’s transparency and regular reporting included in the PMS. To know more about PMS services, you can talk to our experts on 022-2858 4545.
There are four types of PMS investment services available across the country:
- Active Portfolio Management- This PMS investment is to beat the market index performance such as Nifty.
- Passive Portfolio Management- it focuses to simulate the index performance by investing in similar stocks having similar weights. This is called indexing/index investing.
- Discretionary Portfolio Management- Here the PMS manager has complete control over the investor’s portfolio and is allowed to act on any strategy which is favorable to Investment Policy Statement (IPS).
- Non-discretionary Portfolio Management- The PMS can only suggest the investment ideas while the investor is completely responsible to act on the recommendation and investment timing.
- Proficient control and monitoring of the investments
- Risk check/profiling
- Simple execution of trades
- Customized services from the ACMIIL team
The Portfolio management services at ACMIIL are open for all Indian citizens, as well as residents. To invest in PMS, NRIs will first have to open a PIS account as per RBI regulation.
It is possible to activate a PMS account with the cash and stocks combination. The initial portfolio of shares will be re-aligned with the model portfolio.
As a PMS investor, you can withdraw the profits anytime provided the total valuation of your portfolio should not fall below the minimum limit of Rs, 50 lakhs according to the SEBI regulations.
There are two ways to transfer the money in PMS account:
- Cheque deposit
- Bank transfer- RTGS/NEFT