PORTFOLIO MANAGEMENT SERVICES

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.

Here's why you should opt for Portfolio Management Service with Sharekhan:

The objective of our Portfolio Management Service is to create wealth by delivering consistent long term performance with risk control.

• 1) We track the portfolios constantly by understanding the dynamics of equity as an asset class.
• 2) We've got a defined investment philosophy and strategy which acts as a guiding principle in defining the investment universe.
• 3) We 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.

You can open a PMS account with us, if you are:

• 1. An Individual
• 2. A Hindu Undivided Families
• 3. An Association of Persons
• 4. A Limited Companies
• 5. An NRI, overseas company, firm, society or an overseas trust (subject to RBI approval)

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.

Please contact your nearest Sharekhan branch to open an account with Sharekhan.

You can use your current securities/shares to invest in PMS account but these will have to be liquidated. The sale amount should be minimum Rs. 25 Lakhs.

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 25 Lakhs.

Sharekhan provides discretionary Portfolio Management Services where in the portfolio manager manages your portfolio on a day-to-day basis. The decisions are taken on your behalf. However, we send you regular updates and detailed reports for you to monitor your portfolio.

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 you manager in respect of your individual income.

We 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.

We send out the following reports to help you monitor the performance of your folio.

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

Sharekhan offers two types of Portfolio Management Services, discretionary and non-discretionary services. The funds of our clients are managed by a team of experienced professionals comprising of strategists, technical analysts, quantitative analysts, statisticians, specialists in derivative products, etc. The Portfolio Manager's investment philosophy underlines maximizing the risk-adjusted returns depending on the client's risk tolerance. In order to achieve the same, a disciplined investment approach, with adequate risk controls, has been adopted.

The PMS products are based on the research techniques. They are divided into two sections; Fundamental Investment products and Technical Investment products.

Fundamental investment products caters to investing in assets based on strong Fundamental research while Technical investment products includes investing through trading in derivatives (Futures and Options) based on proprietary trading tools, automated or otherwise, or a combination of both or any model sub - portfolios. It is ensured that while investing through derivatives no leverage is taken on the portfolio of the client. trading in derivatives (Futures and Options) based on proprietary trading tools, automated or otherwise, or a combination of both or any model sub - portfolios. It is ensured that while investing through derivatives no leverage is taken on the portfolio of the client.

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