INSUBCONTINENT EXCLUSIVE:
PMS: No exit option for investors in beaten down PMS - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from
TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.Stock Analysis, IPO, Mutual Funds, Bonds -
MoreThe portfolio manager, in his meetings with investors, is trying to buy time from investors.Jul 12, 2019, 07.43 AM ISTGetty ImagesThe
reason given for this request was the inability to sell the illiquid shares .Rich clients of a portfolio management scheme (PMS) were taken
aback at a request of its fund manager, who shot to fame because of his aggressive small-cap bets in the recent bull run
When some investors asked for redemption from the battered scheme, the fund manager requested them to accept the transfer of shares to the
clients’ personal demat accounts
The reason given for this request was the inability to sell the illiquid shares and the impact such liquidation would have on its beaten
The portfolio manager, in his meetings with investors, is trying to buy time from investors
Justifying the stock purchases, he is said to have told clients that these companies could turn around soon
Many investors who were waiting for the election results, are running out of patience because of dimming hopes of rebound in the
portfolio.
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