In the recent article published by www.moneycontrol.com, our newly launched strategy “Care PMS Large & Midcap” was among the top performing strategy in Large & Midcap category based on monthly data of Feb 2021.
Care PMS Large & Midcap strategy was launched in July 2020 and is just 8 months into existence.
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Portfolio Management Service (PMS) firms are going all out to pull in clients before the new year when the minimum investment threshold is expected to double. Currently, an investor must put up at least Rs 25 lakh to be eligible for PMS schemes, which mostly cater to the rich, to accept at least Rs 25 lakh from an investor. This is expected to go up to Rs 50 lakh from January 1.
PMS firms fear the new minimum investment requirements could make it tougher for them to attract investors in challenging market conditions. “It is important to acquire new clients as many investors start small and increase their commitments once they are comfortable with the portfolio manager,” says Amit Doshi, investment director, CARE PMS.
Click here to read more about this article in Economic Times
