Portfolio Management Services: Kotak Securities
It has been a while since I last profiled a Portfolio Management Service; let us take a look at the equity PMS-es offered by Kotak Securities Limited. Unfortunately, they have chosen NOT to publicly disclose details such as the minimum amount to be invested, management fees or the profit sharing structure. I imagine that, like most things in life, these are negotiable. 
- Origin
- Market cap < Rs 2500 crores, Stocks of “growth oriented companies with sustainable business models backed by strong management capabilities”.
- Select Portfolio
- Multi cap portfolio, stocks in sectors that are expected to be beneficiaries of demographic patterns & reforms; and infrastructure spending.
- SelectOptima
- Market cap > Rs 4000 crores, Stock selection using criteria such as GARP, high ROI, etc.
- Klassic Portfolio - Flexi
- Multi cap portfolio, based on the observation that “present market conditions hints at growth as a central premise to support valuations” - whatever that means.
- InvestGuard Plan
- ‘CPPI Model’ - Invests across shares and fixed income products, moving from shares into fixed interest investments when the fund’s value drops below a predetermined “floor”. When markets start to move up, the product increases its holdings in shares, tapping into these growth opportunities.
- CORe Portfolio
- Multi cap portfolio, stocks of companies in the business areas driven by consumerism, outsourcing, real estate plays as well as core infrastructure plays.
By the way, the website does not share any performance metrics either, except for this “risk-return profile” chart. This has been true of most of the PMS-es I looked at. Why not? Is it classified, top secret?
PS: They also offer a Mutual Fund PMS (KotakFreedom) with minimum investment of 5 lakhs, that gets you a relationship manager and their mutual fund research. Again, no data on fees, past performance, etc.
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