Contact Info
B-614, 215 Atrium,
Near Courtyard Marriott Hotel,
Andheri (East), Mumbai – 400069
+91 98206 55888
info@sharegiantsglobal.com
PASSIVE PORTFOLIO MANAGEMENT SERVICE (PPMS)
Passive Portfolio Management Service, or PPMS, is a specialized service that allows clients to outsource the management of their equity portfolios to certified and competent portfolio managers supported by a research team. When you invest in PPMS, you own individual securities and are free to modify your portfolio in accordance with your financial objectives and individual preferences.
Equity broking companies and wealth management services both offer portfolio management services in India. Sharehgiants provides voluntary passive portfolio management services (PPMS), which means that the decision to make an investment as well as when to make it will be made completely by the portfolio manager in accordance with the terms of the signed agreement.
Features of the Passive Portfolio Management Services
Our fund managers will handle users' accounts which will give relaxation and ease to the clients as they no longer have to be part of the technical process.
Disclosures on a quarterly basis, including passive portfolio performance statements, holding assertions, transaction declarations, etc.
Investments in this strategy will only be permitted in accordance with SEBI's PPMS rules and regulations.
The customer's name will be on the equities or funds.
Non-Discretionary Passive Portfolio Management Services
The portfolio manager merely makes investment suggestions as part of this service. The investor alone has the discretion to decide which investments to make and when. Furthermore, the portfolio manager is the one who really executes the trade.
When a client opens an account, he or she may provide a negative list of stocks in a discretionary PPMS, and the fund manager will make sure those stocks are not added to the client’s portfolio. Discretionary Services are provided by the vast majority of PPMS vendors in India.
How Can Investors Purchase Services For Passive Portfolio Management?
An investor may purchase Portfolio Management Services in two ways:
1. By use of a check payment
2. By moving the customer's current shares to the PPMS account. The transferred portfolio's value should exceed the minimal investment requirements.
Paperwork Formalities for PPMS
Other paperwork that the customer must sign includes a PPMS contract with the service provider, a power of attorney contract, a document for setting up a new Demat account (even if the investor already has one), and required documents such as a PAN, an address proof, and an identity proof. NRIs are able to invest in PPMS. To invest in PPMS, the NRI must open a PIS account.
Furthermore, the documentation needed for an NRI is different than it is for a resident Indian. Each PPMS provider offers a list of required documentation. Fund Management Fees are assessed by each Portfolio Management Services plan. 2-5% is the range for fund management fees, depending on the PPMS provider. It is charged to the PPMS account annually by the Sharegiants.
Every provider of portfolio management services and schemes has a different set of fees. It is wise for the investor to look into the scheme’s fees. Due to the fact that all investments are made in the investor’s name, the PPMS further charges investors on the following counts:
1. Keeping Fee
2. Demat Account setup fees
3. Audit fees
4. Trading in transactions
Your troubles will have remedies from us. Whether it be services provided to manage a person’s entire portfolio, as the word suggests, Sharegiant’s highly qualified personnel are always there to assist you with your concerns without imposing any extra service charge on you!