Centrum PMS is a part of Centrum Capital. Centrum Broking was integrated in mid nineties and very soon it became a subsidiary of Centrum Capital. This PMS broking house caters to HNIs, NRIs, Corporates, Banks and Mutual Funds.
Let us quickly run down through the Ratings, Review, Strategies, Commission Models, Yearly Returns & much more about Centrum Portfolio Management Service.
Centrum PMS – Customer Ratings & Review
|Centrum PMS Ratings|
|Returns Performance||2.9 / 5|
|Services||2.7 / 5|
|Charges||2.8 / 5|
|Experience||2.9 / 5|
|Strategies||3.0 / 5|
|Client Support||2.8 / 5|
|Overall Ratings||2.9 / 5|
The ratings seen in the above table enables us to get a fair understanding about the performance of Centrum PMS broking house in each and every field.
Overview of Centrum Portfolio Management Services
Information related to Centrum Portfolio Management Services Company is stated here below:
|Registered Location||Mumbai, Maharashtra|
|Yr. of Establishment||1997|
Centrum is one among the top Full service stock brokers in India. The foundation of this Private Company was laid in the year 1997 by Mr. Chandir Gidwani.
Their registered office is in Mumbai, Maharashtra. Let’s check out what are the different types of Centrum PMS, their PMS Charges, PMS Returns & more.
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Types of Centrum PMS
|Types of PMS|
Centrum PMS broking house gives the facility of Discretionary PMS and Non-Discretionary PMS to their esteemed clients. The customers can choose in between Discretionary or Non-Discretionary PMS.
The latter would require a specific approval from the client for each portfolio transaction while the former does not require any approvals because in this case the entire PMS account is managed by the Fund managers of Centrum.
Discretionary Portfolio Management is a widely accepted PMS in the market. However some clients do prefer to test investment growth by way of Non-Discretionary PMS to start with.
Centrum PMS Fund Managers Details
The Fund Managers details of Centrum Portfolio Management Service are mentioned in the table here below:
|Fund Manager’s Details|
|AUM (in Cr.)||Approx 800 Cr.|
|Number of Clients||200+|
|Investment Tenure||Minimum 3 yr.|
There are multiple Fund Managers working in the team of Centrum PMS. Mr. Praveen Panjwani seems to be the most prolific among the entire lot. He has a dynamic experience of 15 years in the sector of finance management. Praveen is a MBA by profession.
The Fund Managers of Centrum PMS holds approximately Rs. 8,00 cr. as AUM and they handle more than 200 PMS clients. It has been observed that the clients usually lock their investments with Centrum PMS for a tenure of minimum 3 years.
Centrum PMS Strategies
This table give will give the details about Centrum Portfolio Management Services Strategies:
|Large Cap Strategy||Yes|
|Small – Midcap Strategy||Yes|
Centrum PMS broking house has nine portfolio strategies for their PMS clients which are as follows:
Centrum Growth: This strategy mainly focuses on about 20 large-cap stocks in a concentrated way. The benchmark is Nifty 50.
Centrum Wealth Creator: This strategy aims to emphasize on Large and mid-cap stocks. On the large caps with an intention to provide liquidity and the objective of the mid-caps is value creation. The benchmark is BSE 500.
Centrum Deep Value ‘Multi-bagger’ portfolio I, II, IV and V: The focal point of this strategy is Deep value stocks including those of relatively unknown mid and small-cap companies. The benchmark is BSE 500.
Centrum String of Pearls DV – III: This strategy has it roots on Deep Value stocks including under-researched small and mid-cap stocks. It endeavors for a concentrated portfolio of about 15 stocks.
Aligned Ownership Strategy: This strategy aims to invest in such companies where the promoter/management stake is seen increasing. It has the BSE 500 as its benchmark.
Centrum Microcap Portfolio: In this strategy the investments are done in micro-caps or stocks below Rs 2500 Crore in market capitalization.
Centrum Pharma and Healthcare Strategy: This strategy aims to invest in companies in the Pharma and Healthcare space. The benchmark here is the Nifty Pharma Index.
Centrum Hedged Portfolio Strategy: With this strategy the broking house invests in companies in the BSE 500 and uses derivatives to contain downside risks. Its benchmark is the Nifty 50.
Centrum Modified India Portfolio: This strategy aims to participate in the equity markets along with downside protection.
Centrum PMS Returns / Performance
This table will help you to figure out the details about Centrum Management Services Returns:
|11 Year Plus||12.0%|
Every client looks forward to get a good rate of return for their investments. The rate of returns offered by Centrum PMS broking house is far satisfactory for the clients.
In a period of 3 Years the returns offered by this PMS house is 7.5%, for 5 years the rate offered is 10%, for a period of 7 years it is 8.5%, for 10 years it is 11% and for 11 plus years the rate of return is 12% CAGR.
The investors are convinced to avail the services of Centrum PMS house for the above attractive rate of returns.
Centrum PMS Investment Plans
This table showcases the details about Centrum Portfolio Management investment slabs:
|Bronze (25L – 50L)||Yes|
|Silver (50L – 1 Cr.)||Yes|
|Gold (1 Cr. – 5 Cr.)||Yes|
|Platinum (5 Cr. Plus)||Yes|
This table explains us about the different Investment slabs that are offered by Centrum PMS to the clients. A fixed amount of Rs.25 Lakh is mandatory for investment in order to initiate your transaction with the Portfolio Management Service house.
Minimum Rs.25 Lakh as a value of investment is a standard amount that is applicable for partnering with any other Portfolio Management Services house in India. In total Centrum PMS broking house has four types of Investment Plans viz: – Bronze, Silver, Gold and Platinum that can be chosen by the clients.
The Bronze plan starts with the range of is INR 25 Lakh and goes up to INR 50 Lakh. Silver Plan begins in within the range of Rs.50 Lakh and goes up to Rs.1 Crore.
You can stick down to their Gold plan by making investments in between Rs.1 Crore up to Rs.5 Crore. However If your budget is high and you intend to invest for more than Rs.5 Crore with them then their Platinum plan can be grabbed by you.
Centrum PMS house has different commission slabs for different schemes proposed by them. Your desire to pay low commissions can be fulfilled by making big investments.
Centrum PMS Fee Structure or Commission Slabs
The Fees Structure of Centrum PMS Management Services is stated here below:
|Commission / Fees Structure|
|Profit Sharing% Commission||Yes|
There are 3 types of categories in which Centrum PMS has classified their fees or commission.
Centrum PMS Prepaid Commission
In this type of commission the investor has to compulsorily make the payment in advance prior to the commencing of the actual tenure.
The rate of commission charged in this format is extremely low due its nature of being a prepaid model.
|Prepaid Commission (Yearly)|
|Investment – 25L – 50L||1.1% of Investment|
|Investment – 50L – 1 Cr.||1% of Investment|
|Investment – 1 Cr. – 5 Cr.||0.8% of Investment|
|Investment – 5 Cr. Plus||0.7% of Investment|
The commission in this type of model relies on the amount of Investment made by the client. If the investments are made somewhere in between Rs.25 Lakh up to Rs.50 Lakh then the prepaid commission that needs to shelled out is 1.1% of the Investment.
When the investments are in between Rs.50 Lakh to Rs.1 Crore, the prepaid commission levied is 1% of total investment. For any value of investment that is more than Rs.1 Crore and up to Rs.5 Crore, the prepaid fee required to be paid to Centrum PMS house is 0.8% of the total investment.
If your investment goes beyond a value of Rs.5 Crore at any point of time, then the management fees would be 0.7% of the amount invested.
Centrum PMS Volume% Commission
The Fees Structure at this juncture absolutely depends on the overall number of transactions done by your respective Fund Manager.
There are other factors also like market condition and other aspects of investment taken in to consideration at the time of charging commission to the client.
As an investor your will end up in paying a higher amount of commission by choosing this kind of model.
|Volume% Commission (Yearly)|
|Transaction Volume – 25L – 50L||0.12% of Total Transaction Volume|
|Transaction Volume – 50L – 1 Cr.||0.11% of Total Transaction Volume|
|Transaction Volume – 1 Cr. – 5 Cr.||0.09% of Total Transaction Volume|
|Transaction Volume – 5 Cr. Plus||0.07% of Total Transaction Volume|
Here in this sort the commission amount mainly depends on 2 important factors viz: – (a) what would be the situation of the market and (b) the faithfulness of the Fund Manager associated with you.
If the yearly transaction volume is in between Rs.25 Lakh to Rs.50 Lakh, the Management fees charged is around 0.12% of total transaction volume. If your transaction value falls in between Rs.50 Lakh to Rs.1 Crore, then 0.14% of total transaction amount needs to be paid.
A lesser amount of commission is charged for a higher amount of transaction volume in short if the transaction volume is above Rs.1 Crore and up to Rs.5 Crore, the charges are 0.09% of the total transaction volume.
If your transaction volume can beat the value of over Rs.5 Crore, the Management fees charged by Centrum PMS house would be 0.07% of total transaction volume.
Centrum PMS Profit Sharing% Commission
This model in the opinion of investors is rated as a very well-situated model to them. The Management fee in this style of model is paid by the investors only after they have realized their profit.
The percentage of the commission charged here is very high no doubt on that but at the same time the risk involved is comparatively very low out here.
|Profit Sharing% Commission (Yearly)|
|Profit Amount – 2.5L – 5L||27% of Profit|
|Profit Amount – 5L – 10L||25% of Profit|
|Profit Amount – 10L – 50L||22% of Profit|
|Profit Amount – 50L Plus||19% of Profit|
Due its nature of demanding commission on the basis of the performance of the portfolio, the Investors are found very keen on choosing this model.
The profit sharing is 27% for a portfolio that achieves profit in a range of Rs.2.5 Lakh up to Rs.5 Lakh. 25% would be the Profit volume that requires to be shared with the PMS house for the profit range in between Rs.5 Lakh to Rs.10 Lakh.
When your profit scales up somewhere around in between Rs.10 Lakh to Rs.50 Lakh, the profit sharing is 22% and if your profit reaches above Rs.50 Lakh, then the profit sharing with Centrum PMS team would be 19% of the total profit.
This broking house also has the facility to design special tailor made customized commission models for all their dear investors.
Over and above the Commission or Management Fees charged by Centrum PMS house, there are quite a few other charges like Upfront Fees, Brokerage, Depository Charges, Custodian Charges and Exit Load that has to be compulsorily paid to the PMS house.
Centrum PMS Charges
The details of Centrum Portfolio Management Services Charges are clarified in this table:
|Management Fees||As per commission model|
|Upfront Fees||0.75% – 1.25% of Asset Value|
|Brokerage Charges||0.007% – 0.011% of Total Transaction Value|
|Custodian Charges||0.17% – 0.27% of Asset Value|
|Depository Charges||0.10% – 0.18% of Asset Value|
|Exit Load – within 12 months||0.7% – 1.0% of Withdrawal Value|
|Exit Load – post 12 months||Free|
In addition to the commission fees the following charges are also required to be paid to Centrum PMS Group:
Management Fees – Here the fees structure would be as per the commission model that has been mutually agreed by both the parties – the client & the PMS team.
Upfront Fees – 0.75% – 1.25% of the asset Value is the upfront fees that would be required to be paid to Centrum PMS team.
Brokerage Charges – The Brokerage charges would be somewhere ranging in between 0.007% – 0.011% of total transaction value.
Custodian Charges – The custodian change charge that is levied by the PMS house from their clients is somewhere in between 0.17% – 0.27% of Asset Value.
Depository Charges – The PMS depository charge of this broking house would be in between 0.10% – 0.18% of Asset Value.
Exit Load Fees – The Exit load fees is 0.7% – 1.0% of the withdrawal value if the amount is withdrawn in within a period of 1 year of portfolio creation. However the Exit Load fee is absolutely free if the withdrawal takes place after the period of 1 year. Yes you heard it right there is no Exit Load fee for transaction after one year.
Centrum PMS Benefits
This table will brief you on the benefits of Centrum Portfolio Management Services:
|Benefits / Advantages|
|Back office Reports||Yes|
|Flexible Commission Model||Yes|
|Flexible Investment Plans||Yes|
Several benefits that are offered by Centrum PMS house are listed here below:
There is a Top-up facility provided by this PMS house to all their investors.
The investors can access their web services with the help of their online medium that facilitates all the latest reports and portfolio information.
They have provisions of Email Update and SMS Update on timely basis for all the transactions that take place in the clients account.
This PMS house also believes in making provisions of Flexible Investment Plans and Flexible Commission Models for the investors.
Centrum PMS house has a massive experience in Portfolio Management Services for best possible results.
Centrum PMS Customer Care
This table gives you a fair idea on what kind of Client Support is lined up by Centrum Portfolio Management Service:
|Relationship Manager Support||Yes|
|Call to Fund Manager||Yes – 3 to 7 Times a month|
|Issue Resolving TAT||8 working days|
The Customer Care support extended by the team of Centrum PMS house is quite appreciable.
A Direct Call facility is provided by them which can be used by the clients to resolve issues or queries of any sort at any point of time.
There is a full support of Email and Watsapp granted by them to their clients.
The customers can also approach their Relationship Manager without any hassle.
You can call their Fund Managers directly for at least 3 to 7 times in a month.
All issues are resolved by the Centrum PMS team in within 8 working days.
Centrum PMS Conclusion
The schemes offered by Centrum PMS are very interesting and grabbing the attention of the investors from time to time.
Their schemes have the flair to meet the investment needs of privileged clients who demand persistent portfolios. Their expertise in the finance sector with a vibrant team ensures that the investments done with this PMS house will surely bring good results on the table.
All your investment reservations can now be easily tackled with the large number of strategies that Centrum Portfolio Management Services are offering to the investors to pick from.
Invest in Centrum PMS – Fill up the form Now!
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