Portfolio Management Services

We understand that you may want to invest in customized or focused offerings like Portfolio Management Services or PMSs, Private Equity, Real Estate Funds, Structured Products, etc. along with or apart from the standardized solutions offered by mutual funds for better diversification. Our investment specialists can refer you with range of such focused products to generate superior risk adjusted returns on your investments from various Asset Management Companies.

Kotak Mahindra Bank Ltd. offers only referral services in Portfolio Management Services or PMSs, Alternative Investment Funds or AIFs, and Structured Products.

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Frequently Asked Questions

What are the general regulations regarding NRI trading in secondary market?

Regulations regarding NRI Trading:

  • Intraday (i.e. buy and sell on the same day) trading is not allowed for NRI clients. Therefore, the NRI investor has to take delivery of the shares purchased and give delivery of shares sold.
  • Each sale transaction will be credited to client account net of tax. Hence, for every sale transaction capital gains will be calculated. At present, the client would be charged a short-term capital gains tax of 15 percent (plus applicable cess) on the gains, whereas long term capital gains tax is NIL.
  • TDS (Tax deducted at source) certificates will be issued by the bank and certificate charges will be levied for each sale transaction.
  • No set off will be allowed but while filing returns the client can claim set off against the TDS deducted.

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Does an NRI require PINS account to sell shares, purchased in primary market (IPOs) on repatriable/non-repatriable basis?

No, NRIs don’t require PINS account to sell shares, purchased in primary market (IPOs) on repatriable/non-repatriable basis.

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What is Portfolio Investment Scheme (PINS)?

Portfolio Investment Scheme (PINS) allows Non Resident Indians (NRIs) or Persons of Indian Origin (PIO) to invest in shares or convertible debentures (sale or purchase) of an Indian company in the secondary market on repatriation or non-repatriation basis through registered stock broker on a recognized stock exchange, subject to terms and conditions as specified in FEMA.

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Does an NRI require PINS account to sell shares which were allotted as rights/bonus on the shares originally purchased from primary market (IPOS) on repatriable/non-repatriable basis?

No, NRIs don’t require PINS account to sell shares, which were allotted as rights/bonus on the shares originally purchased from primary market (IPOS) on repatriable/non-repatriable basis.

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How many Designated Banks can an NRI appoint?

NRI/PIO can appoint only one designated bank for the purpose of routing the transactions under PINS (Portfolio Investment Scheme is the permission that an NRI/PIO requires to trade in the Indian stock market. An NRI can have only one PINS account at any point in time).

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