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PMS Comparison?

 

 

Comparing PMS is not as easy as comparing mutual funds. This is because the data is not publicly available for PMS comparison. And, there is no standard mechanism that is followed for calculating returns. Some portfolio managers follow model portfolio, some follow the first portfolio, some follow aggregate of all investor portfolios. PMS AIF World and PMS Bazaar are two platforms that can be referred for comparing PMS Performance.

 

 

PMS AIF WORLD Platform, which is the top PMS AIF in India, is a research-backed quality investing wealth management company with an endeavour and promise for long term wealth creation and prosperity. It does in-depth research on Portfolios across Philosophy, Performance, Portfolio and Price.  Kamal Manocha, the Chief Strategist at PMS AIF World, who built the best PMS Service in India, says, we understand the requirement and offer a well analysed suitable solution. With us, investors make informed and more confident investment decisions.

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We first perform following basic filters on 100+ PMS products

 

  • Min 2 Years of performance
  • Min 100 Cr of AUM
  • Existence of Strong Term
  • Note Taking Un-Due Risk

 

This reduces The Universe to 35 names. On these PMS products, we do 4P Analysis across Philosophy, Portfolio, Performance, and Price.

 

 

 

 

  • Philosophy: We meet with the team, understand their credentials and philosophy. We do a thorough interview with the fund manager and/or key people in the team. We check whether the team has shown adherence to its philosophy during good and bad times in the past.
  • Performance: We analyse period wise performance and compare it objectively. We give much higher weight to long term performance and allocate ranks based on consistency.
  • Portfolio: We check the construct, level of concentration, allocation to sectors, EPSand forward PE.
  • Price: We are quite particular about understanding in detail the fee structure, expenses, and exit loads.

 

At PMS, to be the best PMS Service in India, we avoid ones that are highly concentrated and select the ones that follow a min 12-15 stock portfolios. Where portfolio is highly concentrated, we pick the ones where the percentage of mid and small-cap is not high. For the ones that are highly concentrated as well as high on mid and small-cap allocation, we are highly cautious and thoroughly understand the portfolio. Here, we give higher weightage to factors i.e. Higher Portfolio EPS, Low Portfolio PE, Boutique style of management with a very strong philosophy, team and years of history.