Unless anybody is prepared to share the loss with me I will never give money to him. Only way somebody can be serious in managing other person's money is when he has to take a hit. Say I give the PMS 50 lacs today. Let them commit to pay a penalty, say 10% of the loss they make on this 50 lacs (if they lose 10 lacs they must give me back 41 lacs, not 40). Correspondingly let them take 10% of my profits if there is a net profit i.e., if they profit 5 lacs then let them return to me 54 lacs instead of 55. Hai tayaar?
They are the persons who making money in this market...does not matter ki market 5500 pe hai ya 1500 pe...
they will advice you to sell nifty @1500 and buy @5300
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