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.
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.
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.
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.
You can start your account at any time of the year.
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.
Once the account is opened, we will send the bank account and demat account details to you.
This will ensure all future reports are prepared correctly. This is also a requirement as per law.
All investments involve a certain amount of risk, including the possible erosion of the principal amount invested, which varies depending on the security selected.
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.
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.
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.
The following investors are eligible to invest through PMS:
To help you keep track of your investment, we will provide you with regular communications:
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.