Frequently Asked Questions
What is Portfolio Management Services?
Portfolio Management Services (PMS) are structured solutions provided by investment experts for high-net-worth clients through professional management of portfolios comprising equity shares towards achieving the clients’ wealth-creation goals.
Is CRESCITA a registered Portfolio Management Services (PMS) provider?
CRESCITA Investment Management Pvt Ltd. is a Portfolio Management Service (PMS) provider registered with SEBI under the SECURITIES AND EXCHANGE BOARD OF INDIA (PORTFOLIO MANAGERS) REGULATIONS, 2019
What is the scope of Portfolio Management Services offered by CRESCITA?
Under Portfolio Management Services (PMS), we professionally manage the equity investment portfolio of our valued clients. The ownership of the securities rests entirely with the investor. We function in the role of a fiduciary.
What are the formalities to start a PMS account?
PMS provider and investor will sign an agreement. PMS provider facilitates the opening of demat and cash accounts for the investor with the Custodians. After account activation, the investor may either issue a cheque for the investments or transfer securities from his/her existing demat account in equivalent value or a combination of both modes.
Which is the regulatory body that governs Portfolio Management Services in India?
Portfolio Management Services is completely supervised by SEBI, the regulator of capital markets in India.
What is the minimum investment amount required to invest with CRESCITA?
The minimum investible amount is INR 50 Lacs.
Is PAN card mandatory for availing Portfolio Management Services?
PAN card is mandatory for all capital market transactions.
Is day trading permitted under the Portfolio Management Service?
SEBI guidelines forbid any day trading activity by Portfolio Managers.
Where do I communicate to resolve my queries or for grievances redressal?
You may send an email to firstname.lastname@example.org or call +91 (22) 6239 6031
What are the risks associated with PMS investments?
Investing in equity inherently involves a high degree of risk, including a possible depletion of the capital amount invested. Besides other factors, the risk varies depending on the type of security. For example, by investing in small-cap companies, an investor might assume a higher degree of risk than by investments in large-cap companies.
What is the tax treatment in PMS investment?
The tax liability of a PMS investor would be the same as if the investor accessed capital market directly i.e. buying shares of listed companies. It is advisable for the investor to consult his/her tax advisor for the tax related matters. The Portfolio Manager would provide an audited statement of accounts at the end of the financial year.
Who is eligible to invest in Portfolio Management Services?
The following are eligible to invest:
- Minimum investible surplus of Rs 50 lacs.
- Suited for individuals comprising high net worth individuals (HNIs) and UHNIs, sole proprietorship concerns, partnership firms, Limited liability partnerships, One person companies, NRIs, HUFs, Association of Persons (AOPs), trusts, family offices, corporate entities, institutions and companies.
What are the types of Portfolio Management Services?
There are two types of PMS – discretionary and non-discretionary.
- Discretionary: The portfolio manager independently manages the client funds as per the investment philosophy.
- Non Discretionary: The portfolio manager manages the portfolio as per client specific directives and investing preferences.
At CRESCITA, we offer Non-discretionary PMS to our clients.
How do I close my PMS account?
To close your PMS account, please inform us through an email or by post. In the event of a full withdrawal of investments, kindly allow us up to 2 weeks’ time for orderly trimming of your stock holdings.
How to Invest?
We adhere to a transparent and fair pricing policy that is optimal and declared upfront, with NO hidden charges.
Create a PMS account with us. After we receive your request, our executive shall get in touch with you. You may contact us in any of the following modes:
- Sign up via Contact form
- Email email@example.com
- Call us at +91 (22) 6239 6031
The paperwork includes the following documents: Demat Account Opening form, Client Agreement, Custodian form, KYC documents and cancelled cheque.
Our team shall process the paperwork within 5-7 days and update you on the status of your application.
Upon becoming an investor, you can view complete details of holdings, performance and information about your portfolio in a transparent manner.