News From Press Assets of PMS firms double to Rs 10.45 lakh cr, but number of portfolio managers plunges

Assets of PMS firms double to Rs 10.45 lakh cr, but number of portfolio managers plunges

Source: Financial Express Jun 29, 2016

Although assets under management (AUMs) of portfolio management services (PMS) firms doubled to Rs 10.45 lakh crore in May 2016 from Rs5.16 lakh crore in 2012, keen competition and tougher norms have resulted in a fall in the number of managers over this time period.

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