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SEBI data shows that the PMS AUM (excluding EPFO/PF investments) has crossed the milestone of Rs.5 lakh crore in June 2023.
The AUM of the industry has increased by 4% from Rs.4.88 lakh crore in March 2023.
Of the total non EPFO PMS AUM as on June 2023, majority i.e. 60% of the total AUM or Rs. 3.06 lakh crore has come from discretionary PMS. In discretionary PMS, portfolio managers make investment decisions on behalf of a client without requiring the client's prior approval for each trade.
Non-discretionary PMS accounts for Rs.2 lakh crore or 39% of the total PMS AUM as on June 2023. In non-discretionary PMS, the fund manager has to obtain consent from the client before making any investment decisions or transactions.
|
|
Non-EPFO/PF AUM (Rs. Lakh crore) |
Clients |
|
Jun-23 |
5,07,055 |
1,39,354 |
|
Mar-23 |
4,88,442 |
1,43,861 |
|
Growth (Positive/Negative) |
4% |
-3% |
Overall, if we include contribution of EPFO, the total PMS AUM has increased to over Rs.28 lakh crore in June 2023.
In terms of number of clients, the industry has witnessed a decline of 3% as on June 30, 2023. SEBI data shows that the number has decreased from 1.44 lakh to 1.39 lakh.