Topic
pms
Finance Tulsian, Asit C Mehta, ICICI Pru, Green Lantern, Sundaram Lead PMS Alpha Generation in India
A bl.portfolio analysis of 554 active PMS strategies shows category-average returns beat benchmarks in three of six equity categories over five years. Multi- & Flexi-cap strategies stand out with two-thirds of strategies outperforming. Mid-cap remains challenging, with no strategy beating the Nifty Midcap 150 TRI. The industry has 530 SEBI-registered managers managing ₹8.9 lakh crore. Key cost and tax considerations are highlighted.
Business Axis AMC Acquires Rs 12,000 Crore PMS Business from Axis Securities, Adds 2,500 Investors
Axis Asset Management Company (Axis AMC) will acquire the portfolio management services (PMS) business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management (AUM) to around Rs 15,000 crore. The deal is among the largest PMS transactions in India by investor count and strengthens Axis AMC's alternatives platform. Naveen Kulkarni has been appointed chief investment officer for PMS and listed equity alternates.
Business Front-Running Patterns in PMS Detected by Sebi's AI Tools, Says Regulator
Market regulator Sebi has deployed artificial intelligence tools that have generated actionable alerts uncovering front-running patterns in the portfolio management services (PMS) industry. Sebi executive director Manoj Kumar revealed the findings at the Apmi PMS Leadership Conclave, stating the regulator is analysing investor impact and adopting a handholding approach to compliance. Apmi chairman Biharilal Deora said the review would support industry growth.