Taurus Treasury Management Services Private Limited (TTMSPL)

CIN: U65999MH2011PTC219471  |  SEBI Registered Portfolio Manager (Reg No:- INP000004490)

It is all about deciding on financial goals and achieving them by taking a call on which instruments to invest, allocating the money available to various asset class based on the client’s risk appetite thereby constructing a portfolio of assets to achieve the desired outcome.

Return on Investment in financial market instruments is fraught with risk. Higher the risk taken higher is the probability of return. We follow a four step approach to ensure that we deliver stable return on investment to clients. They are

Discipline :

We set realistic goals for clients and aim for stable returns.

Diversification & Risk Management :

We diversify clients’ portfolio by investing in different instruments spread across several sectors while simultaneously catering to their risk profile/risk appetite.

Research & Analysis :

Our research team does an in-depth assay of the macro-economic fundamentals and the creditworthiness of the issuer/instrument.

Portfolio Construction & Management :

Based on the inputs received, we construct a portfolio for clients so as to mitigate risk and minimize market volatility besides ensuring there are no surprises.

Portfolio-Management

Taurus PMS Disclosure Document

Portfolio Management Services (PMS) is an investment portfolio in stocks, fixed income, debt, cash, structured products and other individual securities which is managed by a professional money manager. When you invest in PMS, you own individual securities unlike a mutual fund investor, who owns units of the fund. You have the freedom and flexibility to customise your portfolio to address your personal preferences and financial goals.

Discretionary: Under these services, the choice as well as the timings of the investment decisions rest solely with the Portfolio Manager.

Non Discretionary: Under these services, the portfolio manager only suggests the investment ideas. The choice as well as the timings of the investment decisions rest solely with the Investor. However the execution of trade is done by the portfolio manager.

Advisory: Under these services, the portfolio manager only suggests the investment ideas. The choice as well as the execution of the investment decisions rest solely with the Investor. Note: In India majority of Portfolio Managers offer Discretionary Services.

Individuals and Non-Individuals such as HUFs, Partnerships Firms, Sole Proprietorship Firms and Body Corporates. “Subscriptions from residents in the United States of America, Canada, Cuba, Iran, Mynamar, North Korea, Sudan and Syria shall not be accepted”

The tax liability of a PMS investor would remain the same as if the investor is accessing the capital market directly. However, the investor should consult his tax advisor for the same. The Portfolio Manager ideally provides audited statement of accounts at the end of the financial year to aid the investor in assessing his/her tax liabilities.

When one has entrusted his money to a PMS, one can expect:

To have a relationship manager/ financial advisor through whom he can interact with the fund manager at any time of his choice. One can also expect frequent (maybe monthly) interaction with the portfolio manager to discuss any concerns that he might have. To be updated on any major changes in asset allocation or in the investment strategy relating to his portfolio. All administrative matters, including operating a bank account and dealing with settlement and depository transactions, will be handled by the Portfolio Manager.

On handing over one’s money, he will receive a user-ID and password from the Portfolio Manager, which will grant him online access to his portfolio details. He can use these to check back on his portfolio as often as he likes.

Keeping track of capital gains (and losses) for the taxman can be a depressing chore, when one has furiously churned his investments throughout the year. Opting for PMS will free him of this chore, as a detailed statement of the transactions on his portfolio for tax purposes comes as a part of the package.

Most Portfolio Managers allow one to choose between a fixed and a performance-linked management fee or a combination. The fixed fee ranges between 2.50%-3.50% p.a. of portfolio value. This fee is apart from the actual expenses . The structure for the performance-linked fee differs across players.

The portfolio manager also gets to share a percentage of your profit. Normally, the share in the profit is calculated on the returns generated exceeding the agreed hurdle rate. And performance related fees are charged on High Water Mark Principle.