Frequently Asked Questions
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What is the percentage break-up by sector and market capitalisation in the PMS portfolio?
There is no fixed allocation, as the fund manager adjusts the portfolio based on available ideas and prevailing market conditions.
There is no hard and fast rule since the PMS schemes fund manager has flexibility based on available ideas. This break-up in the PMS services portfolio would be different at different points in time based on market conditions in India at that point of time.
What is the PMS account opening process?
PMS – Residents: Submit required details and documents; the signed paperwork and IPV are completed, after which bank/demat accounts open in 4–5 working days and investments can begin. NRIs may require additional paperwork and RBI approvals.
AIF: Submit required details and documents, including PAN, address proof, demat client master list and cancelled cheque; accounts are generally opened within 4–5 working days after paperwork completion.
PMS – For India residents:
When you are ready to start, please send us required details and scans of your PAN card and address proof. Within 24 hours, we will dispatch a document package to you for your signatures. On return of the completed document set, and following an in-person verification (IPV) by the bank, the bank and demat accounts will be opened (this takes about 4-5 working days). After this, investments can begin.
For NRIs coming into the PMS India the paperwork is more cumbersome and, depending on whether a PMS NRE or NRO account is being opened, the time-frame can also be longer as there might be approvals required from the Reserve Bank of India (RBI).
AIF – 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.
Can you manage my existing accounts as part of the PMS?
New dedicated bank and demat accounts will be opened for PMS investments to ensure efficient management, operation, and bookkeeping.
No. We will be opening new specific portfolio management services bank and demat accounts for you in the Shepherd’s Hill Portfolio Management Services India, as these PMS investment accounts will be linked to each other and maintaining, operating and book-keeping for the exclusive PMS investment accounts is much more operationally efficient.
Can I transfer shares to the PMS account?
Securities cannot be transferred directly; funds must be transferred to the PMS bank account in the client’s name via cheque or online banking to begin the PMS investment programme.
No, you cannot transfer securities directly into the Portfolio Management Services in India accounts. You must transfer funds to the PMS services bank account (a self-transfer, since this account will be in your name) through checks or through online banking to begin the PMS invest programme.
Can I directly access my PMS bank and demat accounts?
PMS accounts are custodian accounts with no direct client access; however, investors receive Shepherd’s Hill login access to view their PMS account details conveniently.
No, since the PMS India / PMS schemes accounts are custodian accounts, you will not have direct access to the bank and demat accounts. However, all PMS funds account holders will be given Shepherd’s Hill login facilities so that all India resident and NRI investors can check PMS account details at their convenience.
