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The Kings of Capital Portfolio will invest in 10-14 stocks across banks, NBFCs, insurance companies, AMCs and wealth management companies. The PMS player strongly believes that financial services space has turned attractive due to covid-19 pandemic.

SEBI has clarified that AIFs also come under the ambit of stamp duty tax of 0.005%.

The number of HNIs increased from 2.56 lakh in 2018 to 2.63 lakh in 2019, a growth of 3%.

The company says that the current pandemic has impacted the entire real estate business in the country.

SEBI has given AIF players an extension of four months to comply with regulatory norms.

JM Financial Credit Alternatives has raised Rs.160 crore in the first closing of JM Financial Yield Enhancer (Distressed Opportunity) Fund I.

Currently, there are 12 long short AIFs in India.

Here is the list of 21 large-cap PMSs that turned positive in terms of performance.

Here is the list of 19 large-cap PMSs that gave double digit negative returns in March.

Marcellus Consistent Compounders is the top performing PMS with CARG of 8% last fiscal.

Last month, SEBI gave a two months extension to PMS players to comply with the regulatory norms in which it had asked PMS players to shift to an all trail model.

SEBI has given extension to AIF players to comply with regulatory norms.

IndiaNivesh PMS cited current market turmoil and difficult economic circumstances due to covid-19 as the primary reasons for exiting PMS business. The company was managing AUM of Rs.60 crore in its lone small cap PMS.