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Non-discretionary PMS (Portfolio Management Services) recorded an annual growth of 30%, as per SEBI data. The assets increased from Rs. 1.52 lakh crore as on Sept 2021 to Rs. 1.98 lakh crore as on Sept 2022.
In discretionary PMS, the increase was merely 4% as the assets grew from Rs. 2.54 lakh crore as on Sept 2021 to Rs. 2.65 lakh crore as on Sept 2022.
The numbers hint at the rise in demand for non-discretionary PMS amongst investors, where clients direct fund managers. On the contrary, under discretionary PMS, the fund manager manages the funds independently.
Overall, the non-EPFO AUM of the PMS industry increased by 14% to Rs. 4.63 lakh crore as on Sept 2022.
Non EPFO/PF PMS AUM.
* Figures in crore
If we include EPFO/PF AUM, the total AUM as on Sept 2022 is Rs. 25.80 lakh crore, 15% higher than the last year. Here the assets include - discretionary, non-discretionary, co-investment and advisory.
Considering these asset categories, the industry added 7,373 investors over the last one year which increased the total count to 1.38 lakh investors as on Sept 2022.