Frequently Asked Questions
- You could opt for portfolio management service with Rs 25 Lakhs or more which is a SEBI stipulated minimum. Those who have already invested in equities or other instruments worth Rs 25 Lakhs or more can also avail our service by transferring those assets into the portfolio management system.
- Resident Indian Individuals, Non-Resident Indian Individuals, Person of Indian Origin’s Indian Institutions and Corporate, Partnership firms, Sole-proprietorship firms, Hindu Undivided Family’s, Trust’s, Qualified Foreign individuals, foreign institutions and Foreign Portfolio Investors can avail our service.
- The investments of NRI’s would be managed through the Portfolio Investment Scheme with or without repatriation, as stipulated by Reserve Bank of India guidelines and also in accordance with SEBI regulations from time to time.
Investors need to issue the cheque for investments in the name of “Moat Financial Services Pvt Ltd – PMS” This is a designated bank account for managing portfolio investments.
No. There is ownership and taxation that needs to be taken care of. We cannot accept it.
Yes, we can accept the fund provided the first holder of the PMS account must be one of the joint holders of the bank account from which payment is made.
Fixed Management fee of 2% per annum, charged quarterly on the average NAV, plus Performance fee of 20% on annualized returns over and above the hurdle rate of 10%.
The fixed fees would be charged on a quarterly basis on the average of Total Value of your portfolio which is computed as average of starting value and closing value of your portfolio for that particular quarter. The performance fee would be charged only on the day, your portfolio investments with us reach one-year time period and for the subsequent years the performance of the portfolio would be charged only on a High-Watermark principle. No performance fee would be charged if your portfolio value does not exceed the mentioned hurdle rate. Fees would also be charged at the time of substantial withdrawal or termination. Fees would also be charged on any day at the discretion of the portfolio manager. However, in this case the fees would be charged only on a pro-rata basis. Other statutory and incidental expenses would be charged extra.
|Customization||Portfolio can be tailored suit specific investor’s needs.||Portfolio fixed to address fund’s stated investment objectives.|
|Ownership||Securities are bought in the Investor’s name.||Securities are bought in the portfolio in Fund’s name and Fund units are issued to investors.|
|Min Investment||SEBI stipulated minimum of Rs. 25 lakhs||As prescribed by the fund.|
|Services||Personalised services to meet customer requirements.||Fund’s stated services to cater the clients.|
We would provide you all the necessary documents for account opening that includes the portfolio management agreement, documents for opening up a Custodial and DP account to keep your share assets, Necessary Power of Attorney or Letter of Authority that enables us to manage investments on your behalf and other documents if needed or stipulated by the authorities or regulators from time to time.
Kindly affix your photographs on the document, sign on the indicated areas, attach self-attested copies of relevant supporting documents like your Pan Card, Address proof, Bank Account proof and pass it back to us.
For Non – resident Indians, we need to have additional set of documents for accounts other than the above mentioned like the dedicated Bank account opening application for the PIS account and the supporting Savings account and that’s where your cash assets would reside, Trading account opening form to manage NRI investments separately in accordance with the guidelines of the regulator, necessary FERMA-FEMA forms as it is overseas investment. Kindly attach self-attested copies of your PAN Card, copies of all pages of passport, PIO card, work permit or Ikkama, copy of overseas residence address proof along with your overseas business card. Kindly affix your photographs on the document, sign on the indicated areas, attach self-attested copies of relevant supporting documents and sent it back to us.
In case of any clarifications please free to keep in touch with us.
When you enter into a Portfolio Management Service agreement with us, you would have a separate identity in accordance with the SEBI portfolio management rules and regulations. All your assets would be clearly demarcated in your own name with a reputed custodial service that ensures superior safety and transparency. All dividends and other proceeds would be directly credited to your personal or dedicated bank account. This premium operation ensures absolute transparency and safety with regards to your assets.
Bankers – Kotak Mahindra Bank
Custodian – ORBIS Financial Corporation Ltd.
Broking partner – Celebrus, CSBL
Auditors – Balan & Co.
You may not want to get into the day-to-day hassles of running and managing your investments. However, you would always be keen to know the performance of your investments. Our report not only gives you a simple and clear picture of your investments but also investment performance measured against appropriate benchmarks.
You would also receive informative research reports and newsletters generated by our research desk that explains in detail the rationale behind every investment decision.
Dividends are very much underestimated in equity investments. However, we are a huge fan of dividends since it is absolutely tax free in India. Moreover, the dividend yield of the company that we have invested on your behalf may sometimes act as a support for its stocks prices during untoward negative market events. Moreover, dividends give your investments, an income cash flow while your capital appreciation in stocks acts as your long-term balance sheet. And hence we prefer businesses or stocks that dole out dividends to its investors. In that way dividend forms an integral part of your portfolio, its return and performance.
The resident Indians would receive your dividends in your personal Bank account notified with us during the time of your account opening and you may wish to use that income cash flow at your peril. However, for Non –resident accounts the dividends would be received in the dedicated Bank account opened on your behalf. You may use it or plough it back to your investments.
There is no lock-in period for your portfolio management investments with us. Though we request everyone to have a long-term investment perspective to enjoy the benefits of long term compounding and dividends generated from your investments in businesses, you are free to withdraw your funds any time you wish. It’s your money and we provide you ample liquidity at the earliest.
You also do have the privilege to withdraw profits as you please. However, at the time of partial withdrawal of profits, keep in mind that the total value of the portfolio should not go below the minimum stipulated amount set by the regulator. You also do have the facility to top-up your investments with us and that can be of any denominations.
We would automatically compile a comprehensive year-end summary for your portfolio that include a full record of your transaction and holdings, together with a list of all income and capital gains received during the year audited by a reputed Chartered Accountant Firm.
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