Portfolio Management Service (PMS) is a service offered by a SEBI registered Portfolio Manager who professionally manages funds on behalf of its clients to enable its clients to achieve their investment goals.
Resident Individual clients can be onboarded through offline mode and start investing in Portfolio Management Service(PMS). To invest in PMS, the client needs to complete the KYC and PMS account registration process.
i) Excel sheet will be sent to the client for fetching all the details
ii) After one working day, a link will be sent to the client and broker for completing the Video KYC (Aadhaar based KYC)
iii) Digital signature needs to be done on the screen
iv) Once the KYC is completed the agreement (Hardcopy) will be sent to the client, the client needs to read all the terms and conditions and sign the agreement
v) The agreement needs to be submitted to the Motilal Oswal office within 10 working days.
vi) The TAT for Demat A/C and PMS A/C creation is 3-4 working days
vii) Modes of payment allowed -
NEFT/RTGS
Cheque
Internet banking
vii) The Cut-Off time for Purchase is 10.30 AM
viii) The Cut-off time for Redemption is 10.30 AM (TAT for allotment of redemption is 3-4 working days)