PMS relieves investor from all the administrative hassles of investments. You receive periodic reports on your portfolio performance and other aspects of your investments. Investments are tracked continuously to maximize returns. In a PMS setup, your relationship manager defines your financial goals and advises you the right product mix. They give personalized service and ensure that you receive periodic updates and account performance reports.
PMS: Basics
- What is the fee structure for PMS?
The fee structure depends from company to company. ...... - What are the tax implications of investments in PMS?
At present, 10% tax is chargeable for short-term capital gains and no tax is chargeable on long-term capital gains. Securities transaction tax (STT) is also applicable. ...... - What are the advantages of investing in PMS vis-a-vis mutual funds?
Read to know the advantages of investing in PMS vis-a-vis mutual funds. ......
PMS: Did you Know
- Is there a maximum limit for investing in portfolio management services?
There is no upper limit on the amount you can invest in the PMS. ...... - Does portfolio management services have any lock-in period?
There is no lock-in period according as per regulations. But some companies may have a lock-in period depending upon their company polices. ...... - Do I need to have Permanent Account Number (PAN)?
Yes, you need to have PAN. ......