Monday, 18 April 2011

Portfolio Advisory and Mutual Funds

Searching for Portfolio Management Services ?
Before moving ahead, I expect you to know the meaning of Portfolio Management services & what is the difference between Portfolio Management services & Mutual funds as you are going to put in your hard earned money.


What is Portfolio Management Analysis or PMS?

 Portfolio management schemes mainly called  PMS is a  specialized investment product for lump sum investments. The portfolio manager invests the money in shares of Indian companies and other securities and manages the portfolio mainly in equities on behalf of the client in a legal wayPortfolio Mangement service is much more aggressive in nature because of the number of stocks it is holding in its Portfolio, that may be 15-20 in number where as Mutual funds carry around 50 stocks in its Portfolio. 
Returns is not  guaranteed as per regulations laid down by SEBI 

What is Mutual Fund?
 In Mutual funds, a fund manager or a assest manager of the Assest Management company raises money from its shareholders & invests the so collected funds in various blue chip & mid cap companies as the stated objectives of the fund. 
Mutual Funds & PMS are similar in nature as both invests aggressively in equities. There are some points

Similarities between PMS & Mutual funds are not many. There is only one similarity that the investment decisions to buy & sell equities at what price level stands in the hands of assest manager.PMS & Mutual funds are both SEBI approved


The advantage of Portfolio Advisory Services or PMS offers over MF is a PMS company treats every client as a different individual having different investment objectives & risk profile & invests accordingly to his risk profile.


Mutual funds is more regulated investment option regulated by SEBI & PMS also  works under regulated structure depending on the agreement with the client but offers more flexibility as compared to Mutual funds.


In Mutual funds you have the optiuons of Systematic Investment Plan & Systematic Withdrawl Plan. Online Mutual funds buy is also possible. Mutual funds also offers tax saving mutual funds schemes which offers tax benefit under 80c
One more benefit in Mutual Funds is you can check "Top Mutual Funds in India" on various websites like www.moneycontrol.com


Fee structure in Portfolio Advisory Services or PMS wholly & solely depends from company to company. There may be many options such as:
  • A fixed proportion of the fund corpus (for eg 1.5 per cent of the initial corpus)
  • A fixed proportion of the fund amount + variable depending upon the performance of the portfolio (2 per cent above 10 per cent of the returns)
  • Variable fees charged depending upon the performance of the portfolio
If you like reading this article, kindly read

Regards
Mayank Gupta


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