Specialized Investment Fund: The Securities and Exchange Board of India (SEBI) is set to launch a new asset class for investors on April 1, 2025. The introduction of the Specialized Investment Fund (SIF) by SEBI aims to cater to the increasing demand from investors who feel constrained by the conventional options of mutual funds and Portfolio … Read more
Vadnagar, the birthplace of Prime Minister Narendra Modi, is set to receive a new cultural attraction in the form of the Archaeological Experience Museum. Union Home Minister Amit Shah is scheduled to inaugurate the museum on Thursday, which is designed to offer a comprehensive look at the city’s 2,500-year-old history through an immersive and interactive … Read more
The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more
The Securities and Exchange Board of India (Sebi) on Tuesday brought in a consultation paper on introduction of ‘New Asset Class’. The main objective of creating a new product, which is somewhere in between mutual funds and portfolio management services (PMS), is to address the needs of investors with higher risk-taking capabilities and a higher … Read more
Bikaner BJP Minority Morcha district president Usman Ghani, who expressed displeasure with Prime Minister Narendra Modi’s recent remarks in Rajasthan, was on Wednesday expelled from the party for “tarnishing” its image. Ghani, while talking to a news channel recently in New Delhi, had said that the BJP was going to lose three-four Lok Sabha seats … Read more
Johnny Timpson says the government is failing to protect vulnerable people by not intervening earlier. Source link
Some money managers for rich investors delivered robust alpha to their high net-worth clients in financial year 2023-24 when the benchmark Nifty 50 TRI index gained 30.08% and the BSE 500 TRI advanced 40.16% during the year. Data collated by PMS Bazaar showed that at least 111 PMS strategies gained more than 50% in the … Read more
A portfolio management strategy, which follows the principles of legendary investors such as Benjamin Graham and Warren Buffett, emerged as the top gainer of 2023. This is INVasset LLP’s Growth Pro Max Fund, which delivered 96.57 per cent return to high net worth investors in the past 12 months and 59.91 per cent return in … Read more
Almost all portfolio management schemes (PMS) generated positive returns for their rich investors in 2023. The performance came at a time when the BSE Sensex advanced 19 per cent during the year. On the other hand, broader indices BSE SmallCap and BSE MidCap surged 48 per cent and 46 per cent, respectively. With a return … Read more
Ace money manager Siddhartha Bhaiya-led portfolio management services advisory Aequitas Investment Consultancy on December 18 announced temporarily suspending the inflow of funds into their domestic PMS and AIF. Data collated by PMS Bazaar showed that Aequitas Investment Consultancy’s India Opportunities Product PMS scheme has topped the chart in terms of one-year performance. The scheme has … Read more