Q. What is the difference between the three?
MAS Advice is information and holistic advice on not only all kinds of investments (bonds, fixed deposits, mutual funds) but also on insurance and taxes. This helps you to stay safe and smart and plan your finances.
MAS Stocks and MAS Wealth are concerned mainly with stock investment. Investments in stocks can help enhance your returns and it is advisable to earmark a part of your portfolio to good quality stocks.
Q. What is the difference between MAS Stocks and MAS Wealth?
Q. Would the stocks be different than those in MAS of Panther, Lion and Antelope?
Q. Who is PMS meant for?
PMS may be useful for individuals or institutions/ entities looking for personalised investment solutions, long-term wealth creation and wise handling of the wealth already created.
Q. Who is eligible for investing in PMS?
Individuals (residents and non-resident Indians) and non-individuals such as Hindu Undivided Families (HUF), partnerships firms, sole proprietorship firms and companies can invest. An NRI can invest in a PMS through an NRE or an NRO account.
Q. Is there a minimum investment amount?
Yes. SEBI has mandated Rs50 lakhs should be the minimum investment in a PMS under one name. You can invest money through RTGS / NEFT / Cheque / DD from a bank account that is in your name and mapped with us.
Q. Can I transfer my existing holdings?
We would prefer a cash contribution. However, you can also turn over an existing portfolio of stocks for management. However, please note we would not accept shares which are recommended in our advisory service or stockletters, as this may involve a conflict of interest, between the two services. The strategies and stocks in these two services are separate. Whenever we sell some or all of the shares that have come in as your contribution, there will be capital gains and normal transaction charges. These shares have to come from a demat account under your name. You have to let us know the date of acquisition and the cost of acquisition, to help report your returns correctly.
Q. Can I add fresh funds occasionally?
Yes, you can transfer new funds from your bank account.
Q. How much should I invest?
That depends on your specific financial condition and age. In general you should not invest any money that you are dependent on, such as your retirement corpus.