Regulatory Information

The discretionary portfolio manager will independently manage the funds of each client at his discretion in accordance with the profile of the customer. The non-discretionary portfolio manager provides advisory services enabling the client to take decision with regards to his portfolio.

As per SEBI regulations, minimum corpus required to be brought in by customers is Rs. 50 lacs. There is no upper limit to investment through Portfolio Management. The corpus can be introduced by cheque or by transfer of shares (value calculated at closing share price on date of transfer or the date on which portfolio value crosses Rs. 50 lacs).

The portfolio manager shall charge a fee as per the agreement with the client for rendering portfolio management services. The fee so charged may be a fixed amount or a performance-based fee or a combination of both. However, no upfront fees shall be charged by the portfolio manager directly or indirectly to the clients. The agreement between the portfolio manager and the client shall, inter-alia, also include the quantum and the manner of fees payable by the client for each activity for which service is rendered by the portfolio manager directly or indirectly.

The client may withdraw partial amounts from his portfolio, in accordance with the terms of the agreement between the client and the Portfolio Manager. However, the value of investment in the portfolio after such withdrawal shall not be less than the applicable minimum investment amount.

Yes the clients have the option of direct on-boarding without intermediation of persons engaged in distribution services and at the time of on-boarding of clients directly, no charges except statutory charges shall be levied.

Portfolio managers cannot impose a lock-in on the investment of their clients. However, a portfolio manager can charge applicable exit fees from the client for early exit, as laid down in the agreement subject to provision of SEBI Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26.

Customers can withdraw funds anytime they want by giving a notice to us, as long as post withdrawal, the corpus does not fall below minimum SEBI mandated portfolio size of Rs. 50 lacs. However, we advise clients to give us at least a month’s notice to ensure that there is not too much of impact cost due to forced liquidation.

It is not possible for Portfolio Managers to guarantee minimum portfolio returns. Our endeavor is generating superior absolute returns and historical returns can be used to judge our fund management capability.

Investors can log on to the website of SEBI www.sebi.gov.in for information on SEBI regulations and circulars pertaining to portfolio managers. Addresses of the registered portfolio managers are also available on the SEBI website. Information on monthly reports submitted by Portfolio Managers to SEBI can be accessed at https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doPmr=yes.

Investors would find the name, address and telephone number of the investor relation officer of the portfolio manager (who attends to the investor queries and complaints) in the Disclosure Document. The grievance redressal and dispute mechanism is also mentioned in the Disclosure Document. In case of non redressal of the complaint by the Portfolio Manager, investors can approach SEBI for redressal of their complaints. Investors may lodge their complaints through SCORES (SEBI Complaints Redress System – https://scores.gov.in/scores/Welcome.html) or by sending their complaints on the address given below. Office of Investor Assistance and Education, Securities and Exchange Board of India, SEBI Bhavan II Plot No. C7, ‘G’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051. Clients can also visit SMART ODR Portal to file a dispute on SMARTODR (https://smartodr.in/login)