Wealthy investors are
reposing greater faith in their portfolio managers for investments or advisory
services, as the assets under management of such entities have reached a record
level of Rs 7 lakh crore in the Indian capital markets.
According to the Securities and Exchange Board of India (Sebi), Assets Under Management (AUM) of portfolio managers increased to Rs 7.01 lakh crore at the end of June, from Rs 6.17 lakh crore in the previous month.
This is the 14th consecutive monthly rise in AUMs of portfolio managers, who mostly manage investments or provide advisory services to High Networth Individuals (HNIs). The total AUM has nearly doubled since the data was first released by the market regulator Sebi in December 2010.
During June, portfolio managers individually handled assets worth Rs 5.15 lakh crore for discretionary services, besides Rs 78,198 crore for advisory services and another Rs 29,255 crore for non-discretionary investments.
Of the total assets managed by portfolio mangers, about Rs 4.80 lakh crore was contributed by funds from employee provident fund organisation (EPFO) or provident fund (PF), Sebi data showed.
However, the number of clients for portfolio managers has fallen to 65,300 in June from 65,667 in the preceding month. The number of their clients has significantly declined from the levels seen in December 2010.
Portfolio managers, who run portfolio management services (PMS), accept investments of up to Rs 25 lakh or stocks worth this level.
As per Sebi data, portfolio managers handled debt assets to the tune of Rs 4.97 lakh crore, and listed and unlisted equities worth Rs 21,806 crore at the end of June.
In addition, portfolio managers managed AUM worth about Rs 9,260 crore of mutual funds during the period.
According to the Securities and Exchange Board of India (Sebi), Assets Under Management (AUM) of portfolio managers increased to Rs 7.01 lakh crore at the end of June, from Rs 6.17 lakh crore in the previous month.
This is the 14th consecutive monthly rise in AUMs of portfolio managers, who mostly manage investments or provide advisory services to High Networth Individuals (HNIs). The total AUM has nearly doubled since the data was first released by the market regulator Sebi in December 2010.
During June, portfolio managers individually handled assets worth Rs 5.15 lakh crore for discretionary services, besides Rs 78,198 crore for advisory services and another Rs 29,255 crore for non-discretionary investments.
Of the total assets managed by portfolio mangers, about Rs 4.80 lakh crore was contributed by funds from employee provident fund organisation (EPFO) or provident fund (PF), Sebi data showed.
However, the number of clients for portfolio managers has fallen to 65,300 in June from 65,667 in the preceding month. The number of their clients has significantly declined from the levels seen in December 2010.
Portfolio managers, who run portfolio management services (PMS), accept investments of up to Rs 25 lakh or stocks worth this level.
As per Sebi data, portfolio managers handled debt assets to the tune of Rs 4.97 lakh crore, and listed and unlisted equities worth Rs 21,806 crore at the end of June.
In addition, portfolio managers managed AUM worth about Rs 9,260 crore of mutual funds during the period.
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