Higher STCG queers the pitch for portfolio management service firms

Quick Summary:

They say PMS funds—which are aimed at the wealthy investor—aim to generate 10-15 per cent alpha.“The differential in taxation is challenging, but we are still in a nascent stage of evolving as a financial product.

PMS players said their short-term positions will come down, and there will be more thought processes in building a little long-term portfolios."Churn does not get taxed in case of MFs, but it gets taxed in PMS.

While taxes are important considerations, the returns and taking the right investment calls supersede them, say industry players.

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Article Details

Category: BusinessFinance

Markets: India

Topics: AIF Mutual fund STCG Portfolio investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 20:05:32 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 624 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21773712

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