Frequently Asked Questions
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If the PMS account is a joint account, who is responsible for the tax?
The tax will be borne by the first account holder.
The tax will be borne by the first account holder.
Can I add additional funds to the PMS/AIF?
Yes, you can add funds in multiples of one lakh.
Yes, you can add funds in multiples of one lakh.
What is an AIF?
An AIF pools Indian and foreign investors’ funds through a trust to invest in defined strategies and asset classes.
An AIF is a privately pooled investment vehicle which can comprise Indian and foreign investors. The resources are pooled in the form of a trust and the funds are used for investing in a defined asset class and strategy.
What is the AIF account opening process for Non-Resident Indian?
Submit the required details and documents. Forms are sent within 24 hours; after signing, accounts open in 4–5 working days, enabling investments.
When you are ready to start, please send us required details and scans of your PAN card, Address proof, your demat client master list, and a cancelled cheque. Within 24 hours, we will dispatch a document package to you for your signatures. On return of the completed document set, accounts will be opened (this takes about 4-5 working days). After this, investments can begin.
What are the reports I will receive as a PMS client?
Quarterly PMS reports cover fund manager commentary, holdings, transactions, dividends, and key updates.
A quarterly report will be provided when you invest in PMS, which will include:
- Macroeconomic commentary by the Fund Manager
- PMS investment account holdings and transactions statements
- Dividends and income information
- Any other pertinent information regarding the PMS services
