Profiting From Pms ; Portfolio Management Services Have Become More Transparent, Thanks to a Recent Sebi Directive. Here's How to Choose One.

Summary

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Last year, not many portfolio investors had the good fortune of Ajay Parekh, a 38-year-old human resources professional in Mumbai. When Parekh signed up for Portfolio Management Services (PMS) with Mumbai-based Parag Parikh Financial Advisory Services 11 years ago, a long-term wealth-building strategy was the priority for him. His investments having successfully negotiated the ups and downs in the markets over the years, including the IT boom in 2000 and the asset bubble of 2008, Parekh is convinced that he has picked the right portfolio manager.

Parekh, who has 24 stocks in his portfolio, notched 20 per cent compounded, 11-year returns. Over the same period, the Sensex gave returns of 12 per cent. "I have seen two serious market volatilities and now know what preservation of wealth really means. Everyone promises you the moon, but creation of wealth requires patience and a long-term approach, he says.

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Profiting From Pms ; Portfolio Management Services Have Become More Transparent, Thanks to a Recent Sebi Directive. Here's How to Choose One.

Last year's crash left many investors in the lurch. In many cases, portfolio management firms like brokers and fund houses were not up to the mark in disclosing their investments and portfolios to individual account holders. PMS providers invested in st...

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