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.
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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.
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This story originally appeared on: India Times - Author:Faqs of Insurances
