CafeAlt

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.

ASK Investment Managers saw highest growth in absolute terms.

Sanctum Wealth’s Indian Olympians and Basant Maheshwari’s Equity Fund among the top performers in model and pooled portfolio returns, respectively.

The move will help issuers of REITs and InvITs buy more time to deal with compliance.

Two Edelweiss AMC long short funds delivered CAGR of over 10% returns in the last 5 years.

IIFL’s Multicap and Ambit Capital’s Good & Clean India PMS among the top performers in model and pooled portfolio returns, respectively.

Private equity investment slipped to $1.7 billion in February 2020 from $2.8 billion in February 2019, a decline of 40%.

REITs and InvITs can float rights issue after three years of listing.

About 54% of Indian wealth managers believe that their clients are more interested in real estate than in any other asset class.

The company has applied to SEBI to issue InvITs units.

In an interview with Cafemutual, Sachin Shah, Fund Manager, Emkay Investment Managers talks about the scope of PMS in India.