Plz guide about SHAREKHAN NIFTY PMS

[amit_7659]

Hi!

Can anyone please guide me about the Pro-Tech Nifty Thrifty PMS by Sharekhan in which they are running a PMS service, trading in Nifty.

Do they actually give the results as they say.....how is their performance...any views...

Someone plz guide, how is it for a person who wants to participate in market but is not able to devote time due to routine official commitments

Genuine advice will be highly appreciated

Thanx in advance:thumb:

 

[bunny]

Hi Amit,

I have no idea about this, but do they give any minimum performance guarantee?

 

[amit_7659]

Hi Bunny


They are not giving min guarantee, but showing a return of 1.5-2% on monthly basis and demand a starting cap of 5 lac with a locking of 6 months, charge 2.5% AMC, and share 20% in profit

 

[nac]

Better don't let someone trade in your account. If you want someone to manage your portfolio, better leave it to Mutual fund. That will do good...

 

[amit_7659]

Better don't let someone trade in your account. If you want someone to manage your portfolio, better leave it to Mutual fund. That will do good...

Thanx a lot nac for your suggestion, but if I want to go for this PMS, if there any way to check their rela performance report....someone please help on this

 

[bunny]

Hi Bunny


They are not giving min guarantee, but showing a return of 1.5-2% on monthly basis and demand a starting cap of 5 lac with a locking of 6 months, charge 2.5% AMC, and share 20% in profit

Hi Amit,

There is no point in trading derivatives, blocking such an amount for 6 months and paying 2.5% fees for such a itsy-bitsy tiny 6 month growth of 10-12%.

Speculators are supposed to be more skilled than ordinary investors.

For such a small return over this long period, one can prefer trading cash segment instead of being exposed to the unlimited risk of derivatives.

 

[amit_7659]

Hi Amit,

There is no point in trading derivatives, blocking such an amount for 6 months and paying 2.5% fees for such a itsy-bitsy tiny 6 month growth of 10-12%.

Speculators are supposed to be more skilled than ordinary investors.

For such a small return over this long period, one can prefer trading cash segment instead of being exposed to the unlimited risk of derivatives.

2.5% AMC, they are charging for year, will be charged as 0.625% in every quarter...and the annual return they are saying is 20%-24%...I do agree with you BUNNY...I am new....thats why I am asking for some expert's views....thanx a lot for replying to my post and guiding me

 

[AW10]

Amit, seems you are inclined towards going for this. Some people we say in favour of it and others will say against it.. At the end, it is your money and your decision.

But it is common sense, that when we buy a product or service, we do mkt research and find out what is available and compare the features, advantages, any catch, read between the lines..

Hope you have done that before blocking signficant money with someone else.
Maybe you will be able to find better choice then this.

In my view, sharekhan is in broking for ages.. and have been running this type of service in the past. Ask them for their actual track record, what was their worst loss period, what was their best period, see how they have performed in the months when mkt cracked in the past, what is their trade frequency, what is maximum risk that you might be exposed to on a weekly/monthly/ 6 monthly basis, ask them to share some existing client whom u can talk and get first hand feedback.

Last one year has been no-brainer months in the market. Any tom-dick-harry with little knowledge can make money in bull market but real player know how to survive in bear market. Lets not forget that they are broker and they earn money from brokerage... so it shd not be at your cost. And they shd share the risk with you as well.
There is standard practice in this type of service, where they share profit only on all Previous high on equity curve.. not on intermediate profits. i.e. if you start with 5Lac, and say it goes to 5.5Lac in month 1, then they share profit of 50k. But in following month if equity comes down to 5.25L, they get nothing. on 3rd month they take to peak of 3.75 lac.. then they share profit on 25k above prev peak of 5.5Lac. and so on.

They also shd have limit on max loss that u might incurr in a months period etc. And belive me, if they don't know these basics.. then you are better of checking with some successful trader on TJ and ask them to manage your money rather then going to them.

Money mgmt is crux and seriously doubt their capabilities in that.

by the way - why have you opened so many threads on same topic under different sections ?

Happy Trading

 

[amit_7659]

Amit, seems you are inclined towards going for this. Some people we say in favour of it and others will say against it.. At the end, it is your money and your decision.

But it is common sense, that when we buy a product or service, we do mkt research and find out what is available and compare the features, advantages, any catch, read between the lines..

Hope you have done that before blocking signficant money with someone else.
Maybe you will be able to find better choice then this.

In my view, sharekhan is in broking for ages.. and have been running this type of service in the past. Ask them for their actual track record, what was their worst loss period, what was their best period, see how they have performed in the months when mkt cracked in the past, what is their trade frequency, what is maximum risk that you might be exposed to on a weekly/monthly/ 6 monthly basis, ask them to share some existing client whom u can talk and get first hand feedback.

Last one year has been no-brainer months in the market. Any tom-dick-harry with little knowledge can make money in bull market but real player know how to survive in bear market. Lets not forget that they are broker and they earn money from brokerage... so it shd not be at your cost. And they shd share the risk with you as well.
There is standard practice in this type of service, where they share profit only on all Previous high on equity curve.. not on intermediate profits. i.e. if you start with 5Lac, and say it goes to 5.5Lac in month 1, then they share profit of 50k. But in following month if equity comes down to 5.25L, they get nothing. on 3rd month they take to peak of 3.75 lac.. then they share profit on 25k above prev peak of 5.5Lac. and so on.

They also shd have limit on max loss that u might incurr in a months period etc. And belive me, if they don't know these basics.. then you are better of checking with some successful trader on TJ and ask them to manage your money rather then going to them.

Money mgmt is crux and seriously doubt their capabilities in that.

by the way - why have you opened so many threads on same topic under different sections ?

Happy Trading

First of all A BIG THANKS to you for a sincere reply.

I am new in traderji, so I posted my query in multiple, because I was not aware how it will appear, sorry for that if i violated the rules of traderji, and sorry if I irritated anyone here.

I really appreciate your guidance, I am not inclined to this PMS, but just wanted to now how to know their performance, because what they people will present, we cannot blindly rely on it, they will present the best picture to make clients, only an existing client can tell about the genuinity, so I will go ahead as per your advice, THANX A LOT again for your advice

 

[rahulibat]

Hi Amit,

There is no point in trading derivatives, blocking such an amount for 6 months and paying 2.5% fees for such a itsy-bitsy tiny 6 month growth of 10-12%.

Speculators are supposed to be more skilled than ordinary investors.

For such a small return over this long period, one can prefer trading cash segment instead of being exposed to the unlimited risk of derivatives.

Hi.... to all

this is my first post....... i m related to investment market, any query feel free to ask me i'll be more than happy to answer.


First of all there is no AMC charges in Nifty Thrifty and also brokerage is 0.05% and they are following strict SL and gain discipline
.........