Morningstar launches PMS - Portfolio Management Services, Minimum investment of Rs. 25 lakh..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Monday, April 29, 2019

Morningstar launches PMS - Portfolio Management Services, Minimum investment of Rs. 25 lakh..!


Morningstar launches PMS - Portfolio Management Services, Minimum investment of Rs. 25 lakh..!
Morningstar Investment Adviser India, a subsidiary of independent investment research provider Morningstar Inc, has launched portfolio management services  (PMS) that will invest in mutual fund schemes with exposure to multi asset classes such as domestic equity, fixed income, cash, international equity, and gold.
The universe of portfolio holdings include direct plans of actively- and passively-managed mutual funds in India.
Investment Management Fees..!
Morningstar will charge a management fee of about 1%, which will cover its fund management fee and financial advisor’s commission.
It will also levy an exit load of 1% if an investor withdraws investment within one year.
Minimum investment of Rs. 25 lakh..!
With the minimum investment of Rs. 25 lakh, Morningstar targets to raise over Rs. 1,000 crore over three years.
The PMS services will be sold only through financial advisers. It has nearly 2.55 lakh registered financial advisors and 13,000 paid premium members.
Globally, Morningstar manages $40 billion under its PMS services. The four risk-aligned multi-asset portfolios being planned include balanced, growth, aggressive and aggressive plus.
In a bid to instil confidence, Morningstar itself has invested investment strategies to meet investors’ goals Rs. 25 lakh across the four portfolio being built.
Portal for investor..!
Morningstar is in the process of developing a portal for investor to track the performance of their investments; till then investors can get information through their financial advisors.
Investment strategies to meet investors’ goals..!
Mr. Dhaval Kapadia, Director, Morningstar Investment Adviser, said leveraging on the its depth of resources, proprietary research and investment expertise, Morningstar will build investment strategies to meet investors’ goals.

Morningstar launches PMS - Portfolio Management Services, Minimum investment of Rs. 25 lakh..! Reviewed by S Chitra on April 29, 2019 Rating: 5 Morningstar launches PMS - Portfolio Management Services, Minimum investment of Rs. 25 lakh..! Morningstar Investment Adviser India, a s...

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