PMS Bazaar’s Post

Looking forward to joining the panel on "Diversification through alternative assets" at the PMS & AIF Summit 7.0 by PMS Bazaar on November 29 at the Sahara Star, Mumbai. Over the past ~3 years AIFs have grown at a CAGR of 37.5% from an AUM 4.5 lakh crores to 11.8 lakh crore. Further, this is expected to grow ~2x of current levels over the next 3-4 years. This is a win-win-win opportunity for investors, managers and entrepreneurs. For Investors- it provides an option to diversify their portfolios beyond traditional equity and debt with an asset class which has low or negative correlation to the "market" with the potential to provide superior risk adjusted returns. For Managers- it provides an avenue to seek alpha and provide clients with differentiated products which offer access to bespoke, difficult to access investment opportunities. For Entrepreneurs- it provides a source of risk capital with which they are able to build companies and products which can contribute positively to society at large and the world we live in. Welspun One Ramandeep Sassi Anshul Goel Harikesh Pandey Puja More Karan Manghnani Geeta Jabi Isita Chatterjee

Great article highlighting the benefits of a multi-asset class portfolio, diversification across various asset classes helps to reduce risk and capture growth. #gold #silver #platinum #palladium

🚀India’s AMCs: A 1, 3, 5 & 10-Year Perspective 📊 As we close out the year, I’ve been analyzing the performance of India’s top Asset Management Companies (AMCs) from multiple angles—and the results are intriguing! Data across 1-Year, 3-Year, 5-Year, and 10-Year performance, showing which AMCs have consistently delivered and which ones have struggled to keep up. Equity schemes across categories: Large Cap, Large & Mid Cap, Flexi Cap, Focused, Multi Cap, Mid Cap, Small Cap, and Dividend Yield. 🔝 Top Performers: 1️⃣ Invesco India is a clear leader with standout returns across all timeframes—36.4% in the last year and an impressive 24.6% over 5 years. This proves that their strategy and management can deliver significant returns, even amidst volatility. 📈 2️⃣ Bandhan AMC also continues to impress, delivering strong returns in the 1-year (28.4%) and 5-year (19.6%) categories. Their focused approach seems to be resonating with investors. 💼 3️⃣ Quant AMC deserves a special mention as a consistent performer, ranking among the top for 10-year returns with an 18.3% return, and a 30.6% return over 5 years. The disciplined approach is paying off! 🌱 Surprise Elements: SMALLER AMCs like JM (28.4% in 1-year) and WhiteOak (27.7% in 1-year) are outperforming some of the largest players in the market. They may be small in the number of schemes but BIG on performance. These can be considered potential hidden gems for investors looking for high growth. 🌟 Invesco India and Bajaj Finserv have also shown that diversification across multiple asset classes can lead to exceptional returns. Their innovative strategies are a testament to the importance of dynamic fund management. 🔻 Bottom Performers: 1️⃣ LIC, a stalwart in the industry, finds itself struggling with long-term consistency. Despite its massive AUM, it faces significant challenges in providing competitive returns, especially in the 1-year category (17.6%) and 10-year category (11.2%). The large AUM doesn’t always translate to the best performance. 💸 2️⃣ Taurus AMC consistently ranks at the bottom across multiple timeframes—0% returns in 1 year and 5-year returns at 11.9%. This highlights the importance of risk and return management in AMCs that tend to focus on fewer schemes. 🔻 3️⃣ Navi and Shriram also struggle to maintain strong returns across the board. With underwhelming returns like 16.3% (5-year) for Navi and 11.9% (5-year) for Shriram, it’s a reminder that smaller AMCs often face higher volatility, particularly if their strategies aren’t consistently executed. ⚠️ 💬 Your Thoughts: Where do you stand on these findings? Have you been betting on some of these top-performing AMCs, or do you think there are other, lesser-known players offering more value? I’d love to hear your thoughts! 👇 Pratham Aggarwal #Finance #Investing #WealthManagement #AMCs #InvestmentStrategy #DataAnalysis #MutualFunds #TopPerformers #FinanceInsights #InvestingStrategy #WealthBuilding

Creating a robust multi-asset portfolio requires insight, experience, and strategic foresight. We sat down with WMI faculty Aaron Low, CEO of LUMIQ and previously Head of Asia Ex-Japan at PIMCO, to discuss the intricacies of constructing an effective multi-asset portfolio. With his extensive knowledge and industry experience, Aaron offers actionable insights that can help asset managers to optimise their strategies. Unlock the secrets to building a resilient multi-asset portfolio. Read more: https://lnkd.in/eP8-7QD4 #AssetManagement #MultiAssetInvesting #PortfolioStrategy

*SEBI has proposed the introduction of a new product category which is riskier than your traditional MFs - called NAC or the New Asset Class.* This differentiated category is aimed to bridge the gap between Mutual Funds and PMS, and provide investors with greater flexibility and higher risk-taking capabilities within a regulated framework The NAC is neither a mutual fund nor a PMS. It will have a minimum ticket size of Rs 10 lakh per investor. This means an investor must invest a minimum of INR 10 lakh, across one or more investment strategies, under the New Asset Class offered by an AMC/MF. So it is like a Mini-PMS for Retail, and is structurally, positioned between MF and PMS (which has a Rs 50 lakh entry barrier). As per SEBI, this threshold shall attract investors with Rs 10-50 lakh investible funds, who are today being drawn to unauthorized and unregistered portfolio management service providers. Also, those who (wanted to but) did not have the full Rs 50 lakh to get into PMS, can now split the money (say they had Rs 30-40 lakh) across 3-4 new products (NACs) funds and invest here. Too early to say but given that it will be more tax-efficient and lower cost than a PMS/AIF (and like MFs), it may be of interest to many who wanted to explore PMS strategies but didn’t have Rs 50 lakh and/or didn’t like tax headaches of PMS/AMF. Interestingly and Unlike MF/PMS which are not allowed to, this new product will be allowed to use derivatives for non-hedging too. Examples include Long-short funds or Inverse ETFs. As per the regulator, this will provide more flexibility and risk-taking in investments and potentially generate higher returns for its investors. Only mutual fund AMCs can offer this product and not PMS or AIF managers. And even then, only those AMCs will be able to offer this product which have a minimum of 3 years of operational experience and an average AUM of more than Rs 10,000 Cr in the preceding 3 years. There are some flexibilities in rules to allow other AMCs or senior fund managers to launch these products as well if they are unable to meet these criteria.the The AMCs will have to use different names to offer this new product so as to not confuse investors. For example, they can call them ‘Investment Strategies’. This new nomenclature (or other ones decided later) will help differentiate between the MF schemes currently being offered by the AMCs and the new products under the new category. This is still in the consultation phase and SEBI has invited comments.

SEBI has proposed the introduction of a new product category which is riskier than your traditional MFs - called NAC or the New Asset Class. This differentiated category is aimed to bridge the gap between Mutual Funds and PMS, and provide investors with greater flexibility and higher risk-taking capabilities within a regulated framework The New Asset Class is neither a mutual fund nor a PMS. It will have a minimum ticket size of Rs 10 lakh per investor. This means an investor must invest a minimum of INR 10 lakh, across one or more investment strategies, under the New Asset Class offered by an AMC/MF. So it is like a Mini-PMS for Retail, and is structurally, positioned between MF and PMS (which has a Rs 50 lakh entry barrier). As per SEBI, this threshold shall attract investors with Rs 10-50 lakh investible funds, who are today being drawn to unauthorized and unregistered portfolio management service providers. Also, those who (wanted to but) did not have the full Rs 50 lakh to get into PMS, can now split the money (say they had Rs 30-40 lakh) across 3-4 new products (NACs) funds and invest here. Too early to say but given that it will be more tax-efficient and lower cost than a PMS/AIF (and like MFs), it may be of interest to many who wanted to explore PMS strategies but didn’t have Rs 50 lakh and/or didn’t like tax headaches of PMS/AMF. Interestingly and Unlike MF/PMS which are not allowed to, this new product will be allowed to use derivatives for non-hedging too. Examples include Long-short funds or Inverse ETFs. As per the regulator, this will provide more flexibility and risk-taking in investments and potentially generate higher returns for its investors. Only mutual fund AMCs can offer this product and not PMS or AIF managers. And even then, only those AMCs will be able to offer this product which have a minimum of 3 years of operational experience and an average AUM of more than Rs 10,000 Cr in the preceding 3 years. There are some flexibilities in rules to allow other AMCs or senior fund managers to launch these products as well if they are unable to meet these criteria.the The AMCs will have to use different names to offer this new product so as to not confuse investors. For example, they can call them ‘Investment Strategies’. This new nomenclature (or other ones decided later) will help differentiate between the MF schemes currently being offered by the AMCs and the new products under the new category. This is still in the consultation phase and SEBI has invited comments.

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐜𝐞 𝐨𝐟 𝐒𝐏𝐕𝐬 𝐢𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚𝐧 𝐒𝐏𝐕? An SPV, or Special Purpose Vehicle, is a legal entity created for a specific financial transaction or to isolate financial risk. They are particularly beneficial when registering large funds, such as hedge funds, private equity funds, or mutual funds, which require substantial capital, time, and regulatory compliance. 𝐖𝐡𝐲 𝐔𝐬𝐞 𝐒𝐏𝐕𝐬? Registering a hedge fund, private equity fund, or mutual fund involves extensive infrastructure, regulatory licenses, and continuous fees, which can impact profitability and investor returns. SPVs offer a streamlined alternative, reducing the regulatory and financial burden. 𝑭𝒐𝒓 𝒊𝒏𝒔𝒕𝒂𝒏𝒄𝒆, in India, investing in a hedge fund typically requires a minimum of ₹1 crore. However, through an SPV, talented fund managers can offer entry points as low as ₹10,000-20,000, making investment opportunities more accessible. 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐒𝐏𝐕𝐬 𝑺𝒊𝒏𝒈𝒍𝒆 𝑨𝒔𝒔𝒆𝒕 𝑺𝑷𝑽: Focuses on a single investment, such as purchasing a specific property or investing in a single company's IPO. 𝑴𝒖𝒍𝒕𝒊𝒑𝒍𝒆 𝑨𝒔𝒔𝒆𝒕 𝑺𝑷𝑽: Diversifies investments across various assets, like multiple stocks or properties. 𝐇𝐨𝐰 𝐒𝐏𝐕𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐞 𝑭𝒖𝒏𝒅𝒓𝒂𝒊𝒔𝒊𝒏𝒈: SPVs raise capital from investors, who contribute smaller amounts compared to traditional funds. 𝑰𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕: The collected funds are invested in the targeted assets. 𝑴𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 𝒂𝒏𝒅 𝑹𝒆𝒕𝒖𝒓𝒏𝒔: Fund managers oversee the investments, aiming to maximize returns, which are then distributed among investors. 𝐊𝐞𝐲 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐨𝐟 𝐒𝐏𝐕𝐬 𝑳𝒐𝒘𝒆𝒓 𝑬𝒏𝒕𝒓𝒚 𝑩𝒂𝒓𝒓𝒊𝒆𝒓𝒔: Investors can participate with smaller amounts, making high-quality investments more accessible. 𝑺𝒊𝒎𝒑𝒍𝒊𝒇𝒊𝒆𝒅 𝑨𝒄𝒄𝒐𝒖𝒏𝒕𝒊𝒏𝒈: While SPVs require accounting and reporting, the processes are less complex than those for larger funds. 𝑹𝒆𝒈𝒖𝒍𝒂𝒕𝒐𝒓𝒚 𝑭𝒍𝒆𝒙𝒊𝒃𝒊𝒍𝒊𝒕𝒚: SPVs are subject to fewer regulations, simplifying their operation and reducing costs. 𝐑𝐞𝐚𝐥-𝐖𝐨𝐫𝐥𝐝 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 Imagine a talented fund manager who wants to invest in real estate but doesn't have the resources to establish a full-fledged private equity fund. By creating an SPV, the manager can pool funds from investors who each contribute ₹20,000. The SPV can then purchase a property, and any returns from rental income or property appreciation are distributed among the investors. #stockmarkets #JPMorgan #MorganStanley #CreditSuisse #GoldmanSachs #axa #anz #wns #bnymellon #citco #citibank #deutschebank #fis #jpmorganchase #imarticuslearning #northerntrust #statestreet #wellsfargo #operations #mumbai #delhi #chennai #bengaluru #pune #investment #help #career #job #opportunites #InvestmentBanking #interviews #InvestmentBanking #specialpurposevehicle

𝐖𝐡𝐢𝐜𝐡 𝐢𝐬 𝐛𝐞𝐭𝐭𝐞𝐫 – 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐨𝐫 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝𝐬? We, at PMS AIF WORLD have curated a detailed score card to analyse the performance of both. A comparison has been done between MFs and PMSs (data has been considered as of 31.03.2024 for both, and returns displayed here are net of all expenses and gross of taxes) and the infographics of the same are given below. 𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐞𝐝 𝐈𝐍𝐑 50 𝐥𝐚𝐤𝐡𝐬 𝐞𝐚𝐜𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐤𝐞𝐭 𝐨𝐟 𝐓𝐨𝐩 5 𝐄𝐪𝐮𝐢𝐭𝐲 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝𝐬 𝐯/𝐬 𝐢𝐧 𝐓𝐨𝐩 5 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 1,2,3,5, 𝐚𝐧𝐝 10 𝐘𝐞𝐚𝐫𝐬, 𝐰𝐡𝐞𝐫𝐞 𝐰𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐞𝐧𝐝 𝐮𝐩? Check out the brief report here: https://lnkd.in/g-NgbF2s 𝐓𝐨𝐩 5 𝐌𝐮𝐥𝐭𝐢 𝐂𝐚𝐩 𝐏𝐌𝐒𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 5𝐘 𝐫𝐞𝐭𝐮𝐫𝐧𝐬: Valuequest Investment Advisors Platinum PMS Sameeksha Capital PMS Stallion Asset Core Equity PMS Globe Capital Value PMS Globe Capital Arbitrage PMS 𝐓𝐨𝐩 5 𝐌𝐢𝐝 & 𝐒𝐦𝐚𝐥𝐥 𝐂𝐚𝐩 𝐏𝐌𝐒𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 5𝐘 𝐫𝐞𝐭𝐮𝐫𝐧𝐬: Green Lantern Capital LLP Growth PMS Unifi Capital Pvt Ltd. APJ 20 PMS Aequitas Investments India Opportunities PMS Equirus Long Horizon PMS Unifi Capital Pvt Ltd. Blended Fund - Rangoli PMS 𝐓𝐨𝐩 5 𝐌𝐮𝐥𝐭𝐢 𝐂𝐚𝐩 𝐏𝐌𝐒𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 3𝐘 𝐫𝐞𝐭𝐮𝐫𝐧𝐬: Carnelian Asset Management and Advisors Pvt Ltd Shift PMS INVasset Growth PMS Unique Asset Management LLP Strategic PMS ICICI Prudential AMC Ltd Value PMS Ambit Private Limited Global Alpha Growth PMS 𝐓𝐨𝐩 5 𝐌𝐢𝐝 & 𝐒𝐦𝐚𝐥𝐥 𝐂𝐚𝐩 𝐏𝐌𝐒𝐬 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 3𝐘 𝐫𝐞𝐭𝐮𝐫𝐧𝐬: Counter Cyclical Diversified Long Term PMS Green Lantern Capital LLP Growth PMS Aequitas Investments India Opportunities PMS Electrum Laureate PMS Equitree Capital Emerging Opportunities PMS Full report link in comments. Anirudh Garg | Vikas Khemani | Nitin Pandey | Abhishek Bhardwaj | Anand Shah | Keshav Garg | Amit Jeswani, CFA, CMT | Bhavin Shah | Ravi Dharamshi | Sameer Shah #mutualfunds #portfolio #pms #finance #wealth

"Alternative Investments: Clients can also access early token launches and alternative investments such as money market funds and Private Equity funds (provided by firms such as BlackRock, Franklin Templeton, and Hamilton Lane)" #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments

🌟 DIFC Announces the Launch of a Fund Centre to Attract Asset and Wealth Managers 🌟 Dubai International Financial Centre (DIFC) has announced the creation of a new Fund Centre. This initiative aims to attract high-net-worth individuals and companies to Dubai. 🔍 Key Points: • Objective: Attracting asset and wealth managers • Launch Date: First quarter of 2025 • Centre Functions: Flexible workspace solutions and networking opportunities 📈 Achievements and Updates: • Over 400 asset management companies operate in DIFC • 60 hedge funds, 44 of which are members of the "billion-dollar club" • Recent new participants include Allfunds, Aster Capital Management, Bluecrest, and others 🔗 Initiatives and Partnerships: • Partnerships with AIMA, Deal Catalyst, HFM, and SBAI • Projected 9% growth in assets under management (AUM) in the UAE in 2023 Dubai attracts a large number of millionaires, centimillionaires, family offices, and financial players. The city is home to 62% of high-skilled individuals. The UAE is expected to see an influx of 6,700 more millionaires in 2024. 🔍 Why Dubai: • Stable business environment with access to over 40 regional sovereigns • Access to $3.5 trillion in private capital • High concentration of wealth and ideal living conditions for highly skilled professionals and their families 📈 Conclusion: DIFC continues to develop financial infrastructure, supporting growth and advancement in asset management. The Fund Centre will provide companies and professionals with opportunities for expansion and effective networking.