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iGrowth is a discretionary portfolio management scheme focusing on investments in equities and derivatives with an objective of growth. It aims at creating long-term wealth through judicious stock selection and asset allocation.
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Features & Benefits |
Investors have a choice of three schemes based on investor risk profile - High / Moderate / Low.
- High Risk
Dynamically managed product to capture medium term upsides from attractive business profiles, relative under-valuations, cyclical factors within sectors and technical factors. Expect higher portfolio turnover.
- Medium Risk
Combines growth/value styles of investing in long-term growth opportunities across sectors and market caps.
- Low Risk
Endeavors to minimize risk and yet offer stable and modest returns, through judicious mix of defensive stocks. Emphasizes on quality of businesses and pricing.
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Investment Strategy |
- Adopt Model Portfolios to guide investments across products.
- Bottom-up approach to stock picking.
- Portfolio composition of 20-30 stocks to provide sharper sector focus while providing adequate diversification.
- Domestic market focus with a global perspective.
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Product Features |
| Details |
| Minimum portfolio values |
Rs. 10 lakhs |
Rs. 10 lakhs |
| Additional investments |
Rs. 1 lakh or more |
Rs. 1 lakh or more |
| PMS fees |
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| Normal |
2% p.a on monthly |
Part A -1% p.a on monthly portfolio values (billed on quarterly basis)
PLUS
Part B - 15% annual
performance linked fee to be charged over 8% returns |
| - If fully withdrawn before 1 year |
2% p.a on monthly |
same as above |
| Billing frequency |
At the end of each quarter |
for Part A- Quarterly
for Part B - yearly or date of termination whichever is earlier |
| Calculations based on |
Monthly Portfolio Values |
Geometric Mean Method |
Load for withdrawal before expiry of one year (first year) |
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| - Complete withdrawal |
1.5% on the portfolio value |
1.5% on the portfolio value |
| - Partial withdrawal* |
1.5% on amount withdrawn |
1.5% on amount withdrawn |
Load for withdrawal after first year (full/ part withdrawal)
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Nil |
Nil |
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* For Partial Withdrawal, following rules applicable.
- Part Withdrawal can be done only twice a year.
- Amount should be more than Rs. 1 lakh.
- Minimum balance after such withdrawal should be more than the threshold limit of Rs. 10 lakhs.
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Advisory Products
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