What are the charges of Portfolio Management Service
1.PMS is a specialised service, which has a minimum investment amount of Rs.50 lakh, and has a combination of fixed and performancebased charges.2.Entry Load is the charge levied at the time of investing and can vary between 1% and 3%.
3.Management charge is the recurrent charge levied every quarter by the PMS and ranges from 1% to 3%.
4.Profit sharing is charged as a percentage of the profits generated by the portfolio. .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:10px;font-weight:500;line-height:18px;} #sr_widget .sr_desc{margin:0 auto 0;} #sr_widget .sr_desc{color: #024d99;}
Investors looking for twin engines of quality and growth.
5.Exit load of 1-3% is levied if the customer chooses to exit the PMS before a threshold of 1-3 years.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
This story originally appeared on: India Times - Author:Faqs of Insurances
