Portfolio management service is indeed a good method of investment, we can experience a significant improvement on our invested amount within a period of 3 years. i started with 25L by the end of 3rd year mine was increased to 42L. it was good amount, but only problem with stock market investment is the uncertainty of stock market, if the market is bad it will definitely affect our investment too. i invested with capstocks, they are one among the leading pms service providers with more than 28 yrs of exposure. http://capstocks.com/Portfolio-Management_services
an investment advisory company singing songs about PMS. What a surprise! Only a fool would expect a balanced neutral opinion. Like asking a barber if we need a haircut. People, cut these middlemen. Invest in ETFs and broad based low cost mutual funds. The personal finance industry is full of sharks. There are clear conflict of interests. The fraud committed by insurance agents who peddle ULIP alone is worth more than Harshad Mehta scam, Telgi scam and fodder scam put together.
Mediclaim is a waste of money which is spent not for the benifit of the patient or insurer it is only benifits for the insurance agency money making not a real service for the public.Cheating the people money sharing with hospitals.
Where were all these guys from Oct 2008 to Feb 2010 when the market was sliding? How much money did the clients of these PMS make during the market meltdown. Did these idiots ever know that the market was about to crack and how many of the clients were warned on this basis? These guys are good for nothing washouts. None of these guys can ever prove why their choice of investment either in mutual fund or an equity is better than the others. That is their advise!
The author is an investment and wealth advisor. Even after so many articles from Economic Times, Moneylife, Valueresearchonline, etc. on exposing the PMS providers and the way they 'underperform', yet an advise from an investment advisor to invest in PMS is clear signal for investors on WHERE NOT TO KNOCK FOR UNBIASED ADVISE. By promoting someone else's known shoddy services, the author is ensuring just the opposite for himself. PMS is a sure shot for wealth-erosion
Genuine investors should avoid these Experts. Simple amd foolproof investments would be in Sensex Group shares and Balanced Equity schemes run by top Mutual Funds houses such as HDFC, Birla Sunlife, UTI and Franklin Templeton and Sundaram BNP Group.
Re: PMS
by srinivasan mv on Sep 03, 2010 10:43 AM
The charges in the PMS are very heavy. No transparency in their returns. Finally, there is a possibility of losing money, if the PMS manager messes up with our money. Best is Diversified MFs.
Its better to put your money into different category Mutual Fund schemes(some into largecap, some into midcap & a little into small cap orientd funds)instead of puttind in a single PMS account. PMS charges are too heavy (4.5% - 7.5%) compare to mutual funds Maximum 2.5% pa. There are proven MF funds with long history to prove their worth.
All bigies promise(unofficialy) great returns but give hardly 5-7% over 2-3 year lockin periods PLUS ask for commission above 7% gains, annual chareges etc etc. My experience with KOTAK PMS was very poor. Good top rated mutual funds are a better choice.
Re: PMS - Structured sophisticated cheating
by f t on Sep 03, 2010 10:22 AM
I too have a very bad experience of Kotak PMS and that too twice (whoever said once bitten twice shy). I have an equally bad experience of ASK too. A (almost) 5 year old portfolio performance is half of the sensex. Both these companies are supposedly biggies and supposed to be good at stock picking. Instead they probably are good at "Gullible-investor" picking than stocks.
Re: PMS - Structured sophisticated cheating
by TruPatriot on Sep 04, 2010 12:38 PM
remember all they want is your money..do your home work..you can outperform index as well as these PMS asholes easily on your own
Re: Wrong headline
by f t on Sep 03, 2010 09:28 AM
Absolutely right. It is a known fact that PMS means money and profit for managers not for investors. Scores of articles have appeared highlighting this. Some from Valueresearchonline and Moneylife. The author is either naive or has taken money to promote PMS
