What is the minimum amount you accept?

The minimum amount Club Millionaire accepts is Rs. 1 crore for one family account

Where is my money going to be invested?

We will be investing money primarily in consumer companies listed on the Indian market. If we are unable to find attractive stock opportunities, it will temporarily be deployed in liquid mutual funds and/or bank balances.

Will I have any control over my accounts?

Yes! Whilst we will operate on your behalf under Power of Attorney (POA), operationally the securities will reside in your DP account. You will have complete access to demat accounts on a continuous basis.

What is the tax treatment in PMS investment?

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 / her 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.

How do I get started?

As required by SEBI, every client needs to open a Demat account. The Demat accounts are opened with our Custodian. The client needs to sign an account opening form and PMS agreement with Club Millionaire. We also take a power of attorney (POA) with regard to the specific bank and demat accounts to carry out investment activities on a day to day basis. The timeline to open account is about 7 - 10 days.

When can I start/invest money?

You can start your account at any time of the year.

How often can I add to my account?

You can add funds to your account any time. Please do inform us as and when you do transfer any funds into the bank account.

Can I transfer my shares and/or funds to my portfolio?

Once the account is opened, we will send the bank account and demat account details to you.

  • You can either send us a cheque or transfer funds to our bank account. As per regulations, the funds can come only from a bank account that is in the name of the investor.
  • Securities can be transferred to your demat account. The securities have to necessarily come from a demat account which is in the name of the investor. Along with security transfer, you also need to provide us with the date of acquisition and the cost of acquisition of these securities.

This will ensure all future reports are prepared correctly. This is also a requirement as per law.

Are there risks associated with PMS investments?

All investments involve a certain amount of risk, including the possible erosion of the principal amount invested, which varies depending on the security selected.

Is there any lock-in period?

No! There is no lock-in period. Whilst you can withdraw your money any time, Club Millionaire strongly urges you to consider investing with the firm only with a 3-5 years perspective.

When do I have to pay the fee?

Portfolio Management Fee is accrued and charged in June every year. We prefer to devote our time and attention to managing investments than worry about the administrative monitoring of Portfolio Management Fees every month.

Which benchmark is the performance compared to?

Club Millionaire provides the comparison of its performance with the Nifty Index to give you a sense of the “opportunity cost” of not being in the market and not as some sort of a competitor with whom it is in a quarterly rat race. We expect our portfolios to be significantly different in composition compared to any index - the Nifty and/or any other index.

Who can sign up for PMS?

The following investors are eligible to invest through PMS:

  • Resident Individuals
  • Hindu Undivided Families (HUF)
  • Body Corporates (Private / Public)
  • Registered Trusts
  • Non-Resident Indians (NRI)
  • Partnership Firms or any other eligible investor

How often will you communicate with me?

To help you keep track of your investment, we will provide you with regular communications:

  • Monthly Statement: including details of all transactions, portfolio valuation and asset allocation information over the month.
  • Audited Annual Statement:provides a summary of the portfolio transactions for the financial year including investment performance and information on realised capital gains/losses, performance and deductible expenses.
  • Annual Letter to Clients: released on April 15th every year, the letter dwells on our portfolio performance, portfolio reviews – the good & the ugly, joys of compounding and the usual prediction.
  • Special Update:In case of any significant event, we release a letter with our views on the same.
  • Web Access 24*7:Our website gives you online access to your investment account details, including your portfolio value and account transactions.

Whilst we are open to discussion with you any time,we will, however, not discuss short term prospects of the markets nor our response to them.