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Exclusive portfolio aims to generate capital appreciation

HIGH NET: Mr Nikhil Johri, (left) Managing Director, ABN AMRO Asset Management (India) Ltd, and Mr Prateek Agrawal, Head-Equity, at a press conference during the launch of ABN AMRO Portfolio Managers - a Discretionary Portfolio Management Services, in Mumbai on Tuesday. - Shashi Ashiwal

Mumbai , Sept. 26

ABN Amro Asset Management (India) Ltd has launched ABN Amro Portfolio Managers, a discretionary portfolio management service (PMS) offering structured products to its investors.

The AMC also launched its first product under the PMS, ABN Amro Exclusive Portfolio aiming to generate capital appreciation over the medium to long-term horizon.

It will go by the principle of concentrated investments across businesses with a size of only 15 stocks at any time.

The exclusive portfolio will be a combination of large and mid-cap stocks benchmarked against the BSE Sensitive Index.

The investors will be high net worth individuals with a minimum investment of Rs 50 lakh. They will not have a say in the stocks selected in the portfolio, as it will be common for all investors. The load fee structure will vary though the regular fees would be 2.5 per cent per annum.

"The service is targeted to an investor who understands the value of long-term investment in equities, along with the associated risks," said Mr Nikhil Johri, Managing Director, ABN Amro Asset Management (India) Ltd.

The AMC is planning to introduce around 7 products in the PMS domain.

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