The Hindu Business Line : Emkay launches small and mid-cap PMS product

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Mumbai Jan 23 Emkay Share and Stock Brokers Ltd will launch Emkay Small & Mid Cap Portfolio in the Portfolio Management Scheme (PMS) segment. The portfolio will have a lock-in period of 18 months and seeks to generate capital appreciation by investing in mid and small cap companies, according to an official release.

The offer opens on January 23 and closes on February 28 or on collection of Rs 50 crore, whichever is earlier. Investors will be charged a 0.5 per cent management fee per quarter. The portfolio has an exit load of 2 per cent.

"Our investment strategy shall be to identify future winners through a stock specific approach," said Mr Akhilesh K. Singh, Business Head - Wealth Management and Distribution Services, Emkay.

The core portfolio will constitute stocks with a market capitalisation of less than Rs 7,500 crore, with an option to invest up to 15 per cent in large cap stocks.

At the end of the tenure, the investor will have an option to switch to a new rolled-over product designed on prevailing market opportunities or liquidate the portfolio or transfer the securities to another account.