#PMS in India

[curiousquill1]

The evolution of portfolio management services (PMS) in India has been shaped by changing investor needs, regulatory reforms, and technological advancements. From traditional investment avenues to more diversified and specialized strategies, PMS offerings have evolved to cater to a broader spectrum of investors. The introduction of digital platforms, data-driven insights, and customized portfolios has further transformed the industry. This article explores the key milestones in the growth of PMS in India and how investors can benefit from these evolving services to optimize their investment strategies.

[shivamsundaram]

PMS Strategies: Growth vs. Value Investing

Investors are often presented with various PMS strategies to enhance the performance of their investment portfolios. Among these strategies, growth and value investing stand out as two fundamental approaches with distinct characteristics and objectives.

Growth Investing Strategy

Growth investing focuses on acquiring stocks of companies expected to grow at an above-average rate compared to their industry or the overall market. Portfolio managers adopting this strategy look for companies with strong potential for revenue and earnings growth, often in rapidly expanding industries or sectors like technology, healthcare, and renewable energy. The primary objective of growth investing is capital appreciation.

Investors who opt for a growth investing strategy through a Portfolio Management Service are typically less concerned with dividend yields and more focused on the potential for significant stock price increases. These investors are usually willing to pay higher price-to-earnings ratios for growth stocks, betting on the companies' future performance to justify the premium. However, this strategy comes with higher volatility and risk, as growth stocks can be more sensitive to market fluctuations and the companies' ability to meet growth expectations.

Value Investing Strategy

Value investing, on the other hand, involves identifying undervalued stocks that are trading for less than their intrinsic value. Portfolio managers using this strategy seek out companies with strong fundamentals — including earnings, dividends, cash flow, and book value — that are not fully recognized by the market. These undervalued stocks offer a margin of safety and are considered less risky compared to growth stocks.

Value investing is akin to looking for market inefficiencies where investors can purchase stocks at a discount and wait for the market to adjust and reflect the true value of these assets. Investors who invest in PMS in India with a focus on value investing are typically more patient, willing to wait for the market to recognize the inherent value of these stocks. This strategy can lead to steady, long-term returns and is often accompanied by dividend income, adding to the investment's attractiveness.

Choosing Between Growth and Value Investing in PMS

When deciding to invest in PMS, investors in India must consider their investment objectives, risk tolerance, and time horizon. Growth investing might be more suitable for those who are willing to take on higher risk for the potential of higher returns and are comfortable with market volatility. These investors are often looking for rapid capital appreciation and are less concerned with dividend income.

Value investing, conversely, may appeal to more conservative investors seeking lower-risk opportunities and those who prefer a steady income stream through dividends. This strategy requires patience and a thorough understanding of the company's fundamentals to identify truly undervalued stocks.

PMS in India: A Tailored Approach

Portfolio Management Services in India offer a tailored approach to investing, allowing portfolio managers to apply growth or value strategies — or a combination of both — based on the investor's profile. PMS provides the flexibility to customize the investment portfolio to align with the individual investor's goals and risk appetite. By leveraging the expertise of portfolio managers, investors can navigate the complexities of the market more effectively and make informed decisions whether to focus on growth, value, or a diversified approach incorporating elements of both strategies.

Investing in PMS in India offers the advantage of professional management, where seasoned experts conduct in-depth research and analysis to identify potential growth stocks or undervalued assets. This bespoke service caters to sophisticated investor seeking to optimize their investment outcomes through strategies that match their investment philosophy.

[reasonsforhope]

Indian Prime Minister Narendra Modi is, by some measures, the most popular leader in the world. Prior to the 2024 election, his Bharatiya Janata Party (BJP) held an outright majority in the Lok Sabha (India’s Parliament) — one that was widely projected to grow after the vote count. The party regularly boasted that it would win 400 Lok Sabha seats, easily enough to amend India’s constitution along the party's preferred Hindu nationalist lines.

But when the results were announced on Tuesday, the BJP held just 240 seats. They not only underperformed expectations, they actually lost their parliamentary majority. While Modi will remain prime minister, he will do so at the helm of a coalition government — meaning that he will depend on other parties to stay in office, making it harder to continue his ongoing assault on Indian democracy.

So what happened? Why did Indian voters deal a devastating blow to a prime minister who, by all measures, they mostly seem to like?

India is a massive country — the most populous in the world — and one of the most diverse, making its internal politics exceedingly complicated. A definitive assessment of the election would require granular data on voter breakdown across caste, class, linguistic, religious, age, and gender divides. At present, those numbers don’t exist in sufficient detail. 

But after looking at the information that is available and speaking with several leading experts on Indian politics, there are at least three conclusions that I’m comfortable drawing.

First, voters punished Modi for putting his Hindu nationalist agenda ahead of fixing India’s unequal economy. Second, Indian voters had some real concerns about the decline of liberal democracy under BJP rule. Third, the opposition parties waged a smart campaign that took advantage of Modi’s vulnerabilities on the economy and democracy.

Understanding these factors isn’t just important for Indians. The country’s election has some universal lessons for how to beat a would-be authoritarian — ones that Americans especially might want to heed heading into its election in November.

-via Vox, June 7, 2024. Article continues below.

A new (and unequal) economy

Modi’s biggest and most surprising losses came in India’s two most populous states: Uttar Pradesh in the north and Maharashtra in the west. Both states had previously been BJP strongholds — places where the party’s core tactic of pitting the Hindu majority against the Muslim minority had seemingly cemented Hindu support for Modi and his allies.

One prominent Indian analyst, Yogendra Yadav, saw the cracks in advance. Swimming against the tide of Indian media, he correctly predicted that the BJP would fall short of a governing majority.

Traveling through the country, but especially rural Uttar Pradesh, he prophesied “the return of normal politics”: that Indian voters were no longer held spellbound by Modi’s charismatic nationalist appeals and were instead starting to worry about the way politics was affecting their lives.

Yadav’s conclusions derived in no small part from hearing voters’ concerns about the economy. The issue wasn’t GDP growth — India’s is the fastest-growing economy in the world — but rather the distribution of growth’s fruits. While some of Modi’s top allies struck it rich, many ordinary Indians suffered. Nearly half of all Indians between 20 and 24 are unemployed; Indian farmers have repeatedly protested Modi policies that they felt hurt their livelihoods.

“Everyone was talking about price rise, unemployment, the state of public services, the plight of farmers, [and] the struggles of labor,” Yadav wrote...

“We know for sure that Modi’s strongman image and brassy self-confidence were not as popular with voters as the BJP assumed,” says Sadanand Dhume, a senior fellow at the American Enterprise Institute who studies India. 

The lesson here isn’t that the pocketbook concerns trump identity-based appeals everywhere; recent evidence in wealthier democracies suggests the opposite is true. Rather, it’s that even entrenched reputations of populist leaders are not unshakeable. When they make errors, even some time ago, it’s possible to get voters to remember these mistakes and prioritize them over whatever culture war the populist is peddling at the moment.

Liberalism strikes back

The Indian constitution is a liberal document: It guarantees equality of all citizens and enshrines measures designed to enshrine said equality into law. The signature goal of Modi’s time in power has been to rip this liberal edifice down and replace it with a Hindu nationalist model that pushes non-Hindus to the social margins. In pursuit of this agenda, the BJP has concentrated power in Modi’s hands and undermined key pillars of Indian democracy (like a free press and independent judiciary).

Prior to the election, there was a sense that Indian voters either didn’t much care about the assault on liberal democracy or mostly agreed with it. But the BJP’s surprising underperformance suggests otherwise.

The Hindu, a leading Indian newspaper, published an essential post-election data analysis breaking down what we know about the results. One of the more striking findings is that the opposition parties surged in parliamentary seats reserved for members of “scheduled castes” — the legal term for Dalits, the lowest caste grouping in the Hindu hierarchy.

Caste has long been an essential cleavage in Indian politics, with Dalits typically favoring the left-wing Congress party over the BJP (long seen as an upper-caste party). Under Modi, the BJP had seemingly tamped down on the salience of class by elevating all Hindus — including Dalits — over Muslims. Yet now it’s looking like Dalits were flocking back to Congress and its allies. Why?

According to experts, Dalit voters feared the consequences of a BJP landslide. If Modi’s party achieved its 400-seat target, they’d have more than enough votes to amend India’s constitution. Since the constitution contains several protections designed to promote Dalit equality — including a first-in-the-world affirmative action system — that seemed like a serious threat to the community. It seems, at least based on preliminary data, that they voted accordingly.

The Dalit vote is but one example of the ways in which Modi’s brazen willingness to assail Indian institutions likely alienated voters.

Uttar Pradesh (UP), India’s largest and most electorally important state, was the site of a major BJP anti-Muslim campaign. It unofficially kicked off its campaign in the UP city of Ayodhya earlier this year, during a ceremony celebrating one of Modi’s crowning achievements: the construction of a Hindu temple on the site of a former mosque that had been torn down by Hindu nationalists in 1992. 

Yet not only did the BJP lose UP, it specifically lost the constituency — the city of Faizabad — in which the Ayodhya temple is located. It’s as direct an electoral rebuke to BJP ideology as one can imagine.

In Maharashtra, the second largest state, the BJP made a tactical alliance with a local politician, Ajit Pawar, facing serious corruption charges. Voters seemingly punished Modi’s party for turning a blind eye to Pawar’s offenses against the public trust. Across the country, Muslim voters turned out for the opposition to defend their rights against Modi’s attacks.

The global lesson here is clear: Even popular authoritarians can overreach.

By turning “400 seats” into a campaign slogan, an all-but-open signal that he intended to remake the Indian state in his illiberal image, Modi practically rang an alarm bell for constituencies worried about the consequences. So they turned out to stop him en masse.

The BJP’s electoral underperformance is, in no small part, the direct result of their leader’s zealotry going too far.

Return of the Gandhis? 

Of course, Modi’s mistakes might not have mattered had his rivals failed to capitalize. The Indian opposition, however, was far more effective than most observers anticipated.

Perhaps most importantly, the many opposition parties coordinated with each other. Forming a united bloc called INDIA (Indian National Developmental Inclusive Alliance), they worked to make sure they weren’t stealing votes from each other in critical constituencies, positioning INDIA coalition candidates to win straight fights against BJP rivals.

The leading party in the opposition bloc — Congress — was also more put together than people thought. Its most prominent leader, Rahul Gandhi, was widely dismissed as a dilettante nepo baby: a pale imitation of his father Rajiv and grandmother Indira, both former Congress prime ministers. Now his critics are rethinking things.

“I owe Rahul Gandhi an apology because I seriously underestimated him,” says Manjari Miller, a senior fellow at the Council on Foreign Relations.

Miller singled out Gandhi’s yatras (marches) across India as a particularly canny tactic. These physically grueling voyages across the length and breadth of India showed that he wasn’t just a privileged son of Indian political royalty, but a politician willing to take risks and meet ordinary Indians where they were. During the yatras, he would meet directly with voters from marginalized groups and rail against Modi’s politics of hate.

“The persona he’s developed — as somebody kind, caring, inclusive, [and] resolute in the face of bullying — has really worked and captured the imagination of younger India,” says Suryanarayan. “If you’ve spent any time on Instagram Reels, [you’ll see] an entire generation now waking up to Rahul Gandhi’s very appealing videos.”

This, too, has a lesson for the rest of the world: Tactical innovation from the opposition matters even in an unfair electoral context.

There is no doubt that, in the past 10 years, the BJP stacked the political deck against its opponents. They consolidated control over large chunks of the national media, changed campaign finance law to favor themselves, suborned the famously independent Indian Electoral Commission, and even intimidated the Supreme Court into letting them get away with it. 

The opposition, though, managed to find ways to compete even under unfair circumstances. Strategic coordination between them helped consolidate resources and ameliorate the BJP cash advantage. Direct voter outreach like the yatra helped circumvent BJP dominance in the national media.

To be clear, the opposition still did not win a majority. Modi will have a third term in office, likely thanks in large part to the ways he rigged the system in his favor.

Yet there is no doubt that the opposition deserves to celebrate. Modi’s power has been constrained and the myth of his invincibility wounded, perhaps mortally. Indian voters, like those in Brazil and Poland before them, have dealt a major blow to their homegrown authoritarian faction.

And that is something worth celebrating.

-via Vox, June 7, 2024.

[whippersnappersbookworm]

So now what? The PM of this country has started directly attacking a community. I have put the whole thing together because obviously I will have "people" telling me that the majority matters or whatever they say. But are we really this blind to not notice what is happening? The ruling party is clearly using religion and communal tension (which they obviously instigated) to hide their inadequacies from the public. This is a tale as old as time: the ruling government has been using divide and rule policies to exploit and manipulate the public. Even after 10 years of their rule,  is the party's only way to gather votes? By causing division between communities? 

I am scared about the future. The rising tension between communities scares me. I await with bated breath the day it will finally burst. And you know who will be affected by this? Not the government, not the leaders, not those businessmen or celebrities. It will be you and me, no matter which community we belong to. We will be affected. 

[noididnotsignupforthis]

honesty i don't know why people are not paying attention to the fact that India, largest democracy in the world, is shifting to authoritarianism, is openly supporting Israel to the point that Israel is telling it's citizens to be happy that Maldives banned them and they can now explore Lakshadweep.

like i don't know what the result of the election will be but it will be very concerning if modi won by a very large margin

[sasucaty]

modi ji should stop lecturing other countries to protect their minorities when he himself failed to protect the women of his country.

[girlivealwaysbean]

it's not sinking in that today might be the last day in my house and town for many months to come

[tukang-urut-wanita]

[curiousquill1]

The Evolution of Portfolio Management Services in India

From its liberalization of the economy in 1991, the Indian financial position has experienced a vast shift. Significant change has come over India's financial situation since 1991 when the economy was liberalized. It is a significant asset management firm having grown from an investment strategy being luxurious to today with assets standing at around ₹25 trillion as of 2024.

Genesis of Professional Portfolio Management

Portfolio management services in India date back to the mid-1990s, when SEBI formally came up with the regulation of wealth management services. It was that moment when formalized investment portfolio management was created as a more structured investment than fixed deposits and physical assets to diversified wealth creation.

The initial phase of such services was only available to ultra-high-net-worth individuals. The minimum investment thresholds were above ₹1 crore in most cases. As financial markets became more democratized and investor sophistication rose, entry points became less restrictive over time, making professional expertise reach a more considerable number of investors.

Technological Revolution and Market Evolution

The digital wave of the early 2000s brought a tremendous upheaval in investment portfolio management. With real-time market data, artificial intelligence, and advanced analytics, it completely rewrote the terms of what possibilities were and how choices were taken into the portfolio managers' landscape. It brought much better accuracy to risk assessment, optimized the portfolio much better, and increased transparency for clients.

Now, modern portfolio management services are available in customized form for all types of asset classes, including:

Equity-focused strategies for long-term capital appreciation.

Debt products for predictable returns.

Balanced growth and preservation portfolios.

Alternate investments for deeper diversification.

Specialized Expertise

When markets became complex, wealth management services began offering specialized expertise within various investment styles and sectors. Portfolio managers are now offering the following:

Quantitative strategy-driven investments.

Sector-specific portfolios.

ESG-oriented investments.

International markets through various channels of investments.

Superior risk-adjusted returns for investors resulted due to this, thus professional portfolio management stands out from the traditional approach to investment.

Regulatory Framework and Investor Protection

SEBI has developed an all-inclusive regulatory framework, which helps mold the portfolio management services in India. Updated guidelines increased transparency, standard reporting, and enhanced protection of investors. Therefore, it is developing trust with professional investment portfolio management and aiding the sectoral growth.

Global Events and its Influence

Key global events have affected portfolio management services in India. There has been enough proof regarding risk management and diversification because of the 2008 financial crunch. It was recently through the COVID-19 epidemic that developed digital platforms rapidly and put light upon the urgent needs for expertise for wealth management to tackle turbulence in the markets.

Trend to Date and Further Outlook

The portfolio management industry is innovating, and many emerging trends have been noticed as follows:

Integration of sustainable investing principles.

Increased focus on alternative investments.

Increased personalization through technology.

Lower minimum investment requirements.

Real-time portfolio monitoring and reporting.

Making the Case for Professional Management

Professional services can significantly help investors optimize financial outcomes:

Professional expertise in market analysis and stock selection.

Elimination of emotions in investment.

Access to advanced investment strategies.

Risk management.

Constant portfolio rebalancing and monitoring.

Evolved portfolio management services in the financial markets in India are good matured by nature. Originated as wealthy, exclusive ultra-rich wealth management services, in the Indian financial services landscape, its scale has advanced up to common investors with varying forms of investing avenues while it kept high standards.

Professional portfolio management services, therefore, provide a structured approach to creating wealth for the investor who needs to get through the complexities of the financial markets, backing their professional skills with technology and personalized strategies to help realize long-term financial goals. More sophisticated and accessible investment solutions promise to be part of the continued evolution of these services.

[indizombie]

According to IQAir, a Swiss-based Air Quality Index (AQI) monitoring group, pollution levels in several parts of Delhi touched the 500 mark. AQI measures the levels of particulate matter, also called PM 2.5, in the air. These tiny particles can enter the lungs and cause a host of diseases. According to WHO guidelines, air with AQI values at or below 100 is considered to be satisfactory for breathing, while readings in the 400-500 range denote that pollution levels are "severe" in an area. Delhi was the most polluted capital city in the world in 2023, according to IQAir. India was also ranked as the world's third-most polluted country after neighbours Bangladesh and Pakistan, IQAir said.

Cherylann Mollan, ‘Delhi chokes as air pollution turns 'severe'’, BBC

[nando161mando]

remember that brahminism is a form of colonialism too and savarnas can't just move past caste merely by losing their last names, supporting affirmative action, voting out modi/bjp or being allies to the oppressed generally: they have to give up the wealth they stole, and power over territories they have violently occupied.

they have to change their relationship with the oppressed materially, by actively transferring assets they have stolen from bahujan communities and the surpluses they have "earned" by enslaving them for centuries, and by resisting other savarnas who come in the way of this.

[investmentsgoals]

https://dailytaker.com/check-out-the-best-portfolio-management-services-online/

Portfolio management service – often referred as PMS – can be availed by anyone who can invest a minimum of INR 50 Lakhs. There are two types of portfolio management services: discretionary and non-discretionary portfolio services. In discretionary PMS, portfolio managers take investment decisions on behalf of their clients. Portfolio managers manage funds independently. In non-discretionary PMS, portfolio managers are obliged to consult their clients before making any trade. The final decision is taken by the clients and portfolio managers take care of execution and play an assisting role in decision making. Portfolio managers must be SEBI registered to offer portfolio management services. Stock broking companies, banks, or even individuals registered with SEBI can offer portfolio management services.

[reasonsforhope]

"It was widely described as the week that India’s beleaguered democracy was pulled back from the brink. As the election results rolled in on Tuesday [June 4, 2024], all predictions and polls were defied as Narendra Modi lost his outright majority for the first time in a decade while the opposition re-emerged as a legitimate political force. On Sunday evening, Modi will be sworn in as prime minister yet many believe his power and mandate stands diminished.

For one opposition politician in particular, the humbling of the strongman prime minister was a moment to savour. Late last year, Mahua Moitra, one of the most outspoken critics of Modi and his Bharatiya Janata party (BJP), found herself unceremoniously expelled from parliament and kicked out of her bungalow, after what she described as a “political witch-hunt” for daring to stand up to Modi.

The murky and allegedly undemocratic circumstances of Moitra’s expulsion from parliament was seen by many to symbolise Modi’s approach to dissenting voices and the steady erosion of India’s democracy. She was among several vocal opposition politicians who were subjected to investigations by government crime agencies.

But having won a landslide re-election in her home state of West Bengal, Moitra will return once again to parliament, part of the newly empowered opposition coalition. “I can’t wait,” said Moitra. “They went to egregious lengths to discredit and destroy me and abused every process to do it. If I had gone down, it would have meant that brute force had triumphed over democracy.”

While he may be returning for a historic third term, many have portrayed the results as something of a defeat for Modi, who has had to rely on coalition partners to form a government. The BJP’s campaign had been solely centred around him – even the manifesto was titled “Modi’s guarantee” – and in many constituencies, local BJP candidates often played second fiddle to the prime minister, who loomed large over almost every seat. He told one interviewer he believed his mandate to rule was given directly by God.

“Modi’s aura was invincibility, that the BJP could not win elections without him,” said Moitra. “But the people of India didn’t give him a simple majority. They were voting against authoritarianism and they were voting against fascism. This was an overwhelming, resounding anti-Modi vote.”

During his past decade in power, Modi and the BJP enjoyed a powerful outright majority and oversaw an unprecedented concentration of power under the prime minister’s office, where key decisions were widely known to be made by a select few.

The Modi government was accused of imposing various authoritarian measures, including the harassment and arrest of critics under terrorism laws, while the country tumbled in global democracy and press freedom rankings. Modi never faced a press conference or any committee of accountability for the often divisive actions of his government. Politicians regularly complained that parliament was simply reduced to a rubber-stamping role for the BJP’s Hindu-first agenda.

Yet on Tuesday [June 40, it became clear that the more than 25 opposition parties, united as a coalition under the acronym INDIA, had inflicted substantial losses on the BJP to take away its simple majority. Analysts said the opposition’s performance was all the more remarkable given that the BJP stands accused of subverting and manipulating the election commission, as well as putting key opposition leaders behind bars and far outspending all other parties on its campaign. The BJP has denied any attempts to skew the election in its favour.

“This election proved that the voter is still the ultimate king,” said Moitra. “Modi was so shameless, yet despite them using every tool they had to engineer this election to their advantage, our democracy fought back.”

Moitra said she was confident it was “the end of Mr Modi’s autocratic way of ruling”. Several of the parties in the BJP’s alliance who he is relying on for a parliamentary majority and who will sit in Modi’s cabinet do not share his Hindu nationalist ideology...

Moitra was not alone in describing this week’s election as a reprieve for the troubling trajectory of India’s democracy. Columns heralding that the “mirror has cracked” and the “idea of India is reborn” were plastered across the country’s biggest newspapers, and editorials spoke of the end of “supremo syndrome”. “The bulldozer now has brakes,” wrote the Deccan Chronicle newspaper. “And once a bulldozer has brakes, it becomes just a lawnmower.” ...

“This was not a normal election, it was clearly an unfair and unlevel playing field,” said Yadav. “But still, there is now a hope and a possibility that the authoritarian element could be reversed.”

Harsh Mander, one of India’s most prominent human rights and peace activists who is facing numerous criminal investigations for his work, called the election the “most important in India’s post independence history”, adding: “The resilience of Indian democracy has proved to be spectacular.”

He said it was encouraging that an “intoxication of majoritarian hate politics” had not ultimately shaped the outcome, referring to Modi’s apparent attempts to stir up religious animosity on the campaign trail as he referred to Muslims as “infiltrators” and “those who have more children”.

“The past decade has seen the freedom of religion and the freedom of conscience and dissent taken away,” said Mander. “If this election had gone fully the BJP way, then India would not remain a constitutional secular democracy.”"

-via The Guardian, June 9, 2024

[enigma-the-mysterious]

Sandip Ghosh arrested in R G Kar Medical College rape and murder

আন্দোলন দীর্ঘজীবী হক |

Long live the revolution

[noididnotsignupforthis]

the murder-rape case that has occurred in India is not something new.

it happens almost everyday and everyday some woman is silenced because the person who commints the crime is someone she knows or a family member.

people somehow overlook every fucking thing when it comes to safety of women. people who say "it's her fault why was she alone" and "rape is more the woman's fault then the man's" are not the exception but the fucking norm.

rape jokes and sexual assaults are taken so lightly. domestic violence and assaults are taken so lightly.

a bengal minister had the fucking balls to say "the woman who are rallying don't come running to me if your husband beats you"

the fucking chief minister is blaming the victim.

woman's safety is a fucking joke in this country. it is unsafe for us here.

and phirse case hota phirse log chaar din ke loye gussa and then again nothing fucking happens.

do something. be fucking aware. ladhki ki galti nahi ki wo apni work place, school, college, ghar pe safe nahi. admi ki hai and for the love of everything stop blaming the victim