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'Buyers beware' remains the mantra for PMS investors

Portfolio management services offer an exclusive and customised product to the well-heeled but the latter need to be on guard while investing in these

Sanjay Kumar Singh 

Assets under management (AUM) of portfolio managers in India are up almost 5.5 times in the past five years, according to data from the Securities and Exchange Board of India (Sebi).

Portfolio Management Service (PMS) providers, which cater to high net worth individuals (HNIs), could not have enjoyed a very savoury reputation five-six years ago but seem to be getting their act together, both in terms of returns generated and the quality of service offered, as is evident from their rising AUM. Exclusive, customised Many HNI investors want to communicate directly with their portfolio ...

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First Published: Sun, July 17 2016. 22:08 IST