Compound Everyday Capital Management LLP is a SEBI registered Portfolio Manager and provides Portfolio Management Service (PMS) vide SEBI Registration number PM/INP000006633. Prior to starting its portfolio management services, Compound Everyday Capital operated as a multi family office on same investment principles for 7 years. A PMS entity is strictly regulated by SEBI. It is required to have a Net Worth of minimum INR 5 crores and upfront fees of INR 11 lacs to start operations. Further it has monthly, half yearly and yearly reporting requirements to SEBI.
In a portfolio management service the investments (stocks, mutual funds etc.) remain in the demat account of investors themselves. A portfolio managers only manages it under a registered power of attorney that can be revoked anytime by a written notice. The minimum ticket size of investment as per SEBI regulations is INR 50 lacs and can be introduced in form of cash or securities.
Initial corpus can be brought in by way of RTGS/NEFT/Cheque/DD. As per regulations, the funds can come only from a bank account that is in the name of the investor and mapped with us.
It is possible to introduce existing securities as part or whole of corpus subject to the minimum capital requirement. Securities can be transferred to the client’s demat account opened with the PMS. The securities have to necessarily come from a demat account which is in the name of the investor. Along with security transfer, the client also needs to provide us with the date of acquisition and the cost of acquisition of these securities. This will ensure all future reports are prepared correctly.
The Portfolio Management Service has no lock-in period. However we invite capital for long term and there are exit loads for early redemptions.
You can withdraw your profits as well as capital investment as and when you want, provided you maintain the minimum capital requirement of INR 50,00,000. Exit charges for premature withdrawal will be applicable.
As per SEBI regulations, investment returns cannot be guaranteed. However, we shall endeavour to generate sustainable risk adjusted returns. We are remunerated only on returns and donot charge any fixed fees.
The tax liability for a PMS investor would remain the same as if the investor was investing directly in those securities. The onus of declaring and filing the returns on income generated in the PMS is on the client.
Investors will find the name, address and telephone number of the Investor Relations officer of the portfolio manager in the Disclosure Document. He will attend to all investor queries and complaints. The grievance redressal and dispute mechanism is also mentioned in the Disclosure Document. Investors can also approach SEBI for redressal of their complaints if they are not answered by Investor Relations manager satisfactorily. On receipt of complaints, SEBI takes up the matter with the concerned portfolio manager and follows up with them.
An NRI can invest in a PMS through a NRE or an NRO account. There are a few additional formalities that our team members will guide you about.
You can open a PMS account by e-mailing us at firstname.lastname@example.org or calling us on +91 731 2510070. Once we receive your request, one of our team members will guide you.