In a press release, ICICI Securities announced the launch of its Portfolio Management Services (PMS) for HNI and UHNI clients.
Talking about the development, Anupam Guha, Head-Private Wealth and Equity Advisory Group, ICICI Securities said, “We are excited to launch our PMS service as it not only deepens our engagement with our HNI clients, but also diversifies our revenue stream to advisory and manufacturing of financial products. Currently we have launched a passive two-factor model and going forward we plan to curate active investment strategies under our PMS banner.’’
ICICI Securities’ first offering is Active Index Portfolio Strategy, which aims to generate superior risk-adjusted returns over indices through smart beta index strategies.