JM Financial PMS – Review, Strategies, Returns, Charges & more
Last Updated Date: Dec 02, 2022JM Financial PMS is one of the top investments and full-brokerage services providing companies in India. It normally offers derivatives, equity, commodity, commodity and portfolio management services.
In this write-up, we will thoroughly discuss JM Financial Portfolio Management Services, its fund manager details, strategies, returns (CAGR), investment plans, commission structure, charges, benefits and many other facets as well.
JM Financial PMS – Ratings & Review by Top10StockBroker
| Ratings | |
| Returns Performance | 3.7 / 5 |
| Services | 3.8 / 5 |
| Charges | 3.6 / 5 |
| Experience | 3.7 / 5 |
| Strategies | 3.8 / 5 |
| Client Support | 3.9 / 5 |
| Overall Ratings | 3.8 / 5 |
| Star Ratings | ★★★★★ |
Overview of JM Financial Portfolio Management Services
Find a detailed overview of the JM Financial portfolio management service in the table given below-
| Overview | |
| Company Type | Private |
| Registered Location | Mumbai, Maharashtra |
| Leadership | Mr Nimesh Kampani |
| Yr. of Establishment | 1973 |
JM Financial is a top-notch and reliable financial service offering broking houses in India. The company is good at providing full-brokerage services to investors or clients for their huge satisfaction.
JM Financial is a private company founded by Mr Nimesh Kampani in the year 1973. The headquarters of the company is located in Mumbai, Maharashtra.
The broking house is considered a reliable financial player available in the stock market. The fund managers or portfolio managers of the company look after its portfolio management service (PMS) business.
Now, we will discuss JM Financial portfolio management service company review, its PMS returns, PMS charges and more.
Types of JM Financial PMS
| Types of PMS | |
| Discretionary | Yes |
| Non-Discretionary | Yes |
JM Financial is one of the key financial players available in the country. It has gained huge popularity in the stock market due to its PMS service offerings.
The broking house usually offers both kinds of portfolio management services namely- discretionary PMS and non-discretionary PMS.
Most people opt for the discretionary PMS type where the PMS account is managed by the JM Financial portfolio managers.
While many other individuals choose to take advice from consultants before making any kind of investment decision.
JM Financial PMS Fund Managers Details
The table given below is providing the entire details about the fund manager of JM Financial PMS company.
| Fund Manager’s Details | |
| Name | Mr Asit Bhandarkar |
| Experience | 17 yrs |
| Highest Qualification | MBA |
| AUM (in Cr.) | Approx 500cr |
| Number of Clients | 400+ |
| Investment Tenure | Minimum 4 yr. |
JM Financial is a great PMS performer available in the stock market. It is very popular because of its PMS offerings. The broking has a huge list of fund managers who take care of the client’s investment portfolio.
The most fertile and productive find manager of the broking house is Mr Asit Bhandarkar who has working experience of more than 17 years of in the finance management sector. He is an MBA by profession.
The fund managers of JM Financial normally hold an AUM of approximately 5 cr. and also manage the portfolio account of more than 400 clients. The investment tenure for PMS clients in JM Financial is a minimum of 4 years.
Know Fund Managers of Other Portfolio Management Service Companies
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JM Financial PMS Strategies
The below table is providing details about the JM Financial portfolio management service strategies-
| Strategies | |
| J M Financial – Focus | MULTI CAP |
| J M Financial – Growth and Value | LARGE-CAP |
| J M Financial – India Resurgent Portfolio Series – III | MIDCAP |
JM Financial is a greatly known portfolio management service company in India. It usually manages 3 types of discretionary portfolios including- Focus, India Resurgent Portfolio 3 (IRP3) and Growth & Value largely.
Every investment portfolio serves a determined investment scheme, normally the primary scheme is to buy and also hold top-notch broking houses that can easily survive and deal with the inconsistencies of their own business and come out with a strong rise and recovery in their business.
J M Financial – Focus
With this strategy, investors can easily build a concentrated portfolio without having to research each stock and keep an eye on the market every moment. The entity offers discretionary PMS facilities to the customers.
The entities are chosen after their thorough valuation and testing on various parameters to ensure that they can survive a downturn in the industry.
J M Financial – Growth and Value
The fund invests in domestic equities primarily from Large-cap, Mid-cap, and Small-cap stocks. Out of this, the major portion of the investment is based on large-cap stocks.
This form of investment is ideal for individuals having advanced knowledge of macro trends and bets for higher returns. The fund makes equity investments and renders its efficient services to investors.
J M Financial – India Resurgent Portfolio Series – III
This is a mid-cap portfolio fund strategy aimed at finding the potential mid-cap stocks that will raise the value of the stocks and help in wealth creation for the customers.
In the mid-cap segment, the investors are offered diversity and high growth prospects as these mid-cap stocks might become large-cap stocks tomorrow and yield even higher results. The fund was started in March 2015 and has benefited numerous investors till now.
JM Financial PMS Returns / Performance
The below table is giving details about JM Financial PMS returns and performance-
| Strategy | J M Financial – Focus | J M Financial – Growth and Value | J M Financial – India Resurgent Portfolio Series – III | |
| Category | MULTI CAP | LARGE-CAP | MIDCAP | |
| Return (CAGR) | 1M | -1.93% | -1.25% | -0.86% |
| 3M | 14.34% | 14.68% | 13.55% | |
| 6M | -1.97% | -1.94% | 1.83% | |
| 1Y | -10.17% | -10.47% | 1.84% | |
| 2Y | 13.64% | 14.09% | 33.58% | |
| 3Y | 13.98% | 14.40% | 27.73% | |
| 5Y | 10.02% | 10.23% | 9.25% | |
| Since Inception | 15.29% | 13.59% | 10.49% | |
| Inception Year | Oct 2012 | Mar 2005 | Mar 2015 | |
JM Financial is the largest portfolio management service provider in the country. The JM Financial rate of return is extremely impressive. The broking house is good at beating around 10 years of mutual fund returns.
JM Financial PMS performance for a minimum of 1 year is around -10.17%, for 2 years is 13.64%, for 3 years is 13.98%, for 5 years is 10.02% and since inception is around 15.29% CAGR.
The impressive and robust return rate on the investment portfolio makes JM Financial one of the top-notch and reliable PMS houses available in India.
Know the Returns of other PMS Brands
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| Pelican PMS | Centrum PMS | LIC PMS |
JM Financial PMS Investment Plans
The given table is providing details about the JM Financial portfolio management service investment plans.
| Investment Plans | |
| Bronze (25L – 50L) | Yes |
| Silver (50L – 1 Cr.) | Yes |
| Gold (1 Cr. – 5 Cr.) | Yes |
| Platinum (5 Cr. Plus) | Yes |
JM Financial has customised a very simple and convenient investment plan structure for clients.
The above-provided table chart is giving a better understanding of the company’s investment plan structure. Usually, for any type of PMS service-providing company, the minimum investment value is Rs. 25 lakh.
The broking house avail investment plans of all ranges. It has four investment plans including- the bronze plan which is between the range of Rs. 25 lakh to Rs. 50 lakh.
The silver plan is in the range of Rs. 50 lakh to Rs. 1 Cr. the gold plan is between the range of Rs. 1 Cr. to Rs. 5 Cr. and the platinum plan is above Rs. 5 Cr. plus.
The company also has various commission models and types as well. Normally, a huge investment amount leads to great services and low commission rates.
JM Financial PMS Fee Structure or Commission Slabs
Find the details about the types of commission models or fees structure offered by JM Financial PMS house as follows-
| Commission / Fees Structure | |
| Prepaid Commission | Yes |
| Volume% Commission | Yes |
| Profit Sharing% Commission | Yes |
The broking house has customised 3 types of commission models available for its investors. Its commission models are described below with a table chart-
JM Financial PMS Prepaid Commission
| Prepaid Commission (Yearly) | |
| Investment – 25L – 50L | 1.13% of Investment |
| Investment – 50L – 1 Cr. | 1.03% of Investment |
| Investment – 1 Cr. – 5 Cr. | 0.93% of Investment |
| Investment – 5 Cr. Plus | 0.80% of Investment |
In prepaid commission, the company charges commission or management charges in advance, before the real tenure starts.
As this is a prepaid commission model, the management fees levied from the clients are comparatively less than other such commission models.
The JM Financial prepaid commission model is dependent on the investment amount.
If the investment amount is between the range of Rs. 25 lakh to Rs. 50 lakh then the prepaid commission will be 1.13% of the total investment.
With the investment amount between the range of Rs. 50 lakh to Rs. 1 lakh, the prepaid commission is 1.03% of the total investment.
If the investment amount is between the range of Rs. 1 lakh to Rs. 5 lakh, the commission charges will be 0.93% of the total investment amount.
For above Rs. 5 crores of investment, the commission charges are 0.80% of the total investment value.
JM Financial PMS Volume% Commission
| Volume% Commission (Yearly) | |
| Transaction Volume – 25L – 50L | 0.113% of the Total Transaction Volume |
| Transaction Volume – 50L – 1 Cr. | 0.105% of the Total Transaction Volume |
| Transaction Volume – 1 Cr. – 5 Cr. | 0.095% of the Total Transaction Volume |
| Transaction Volume – 5 Cr. Plus | 0.080% of the Total Transaction Volume |
The volume % commission of the broking house relies on the number of transactions made by the portfolio manager.
The commission model also has a dependency on the market value and other such aspects of the investment. The volume % commission model leads to huge commission or management charges.
In the volume % commission model, the management fees depend on the situation of the market and the loyalty of the fund manager.
If the annual transaction volume is between the range of Rs. 25 lakh to Rs. 50 lakh then the commission charges will be 0.113% of the total transaction volume.
If the transaction volume ranges from Rs. 50 lakh to Rs. 1 Cr. then the commission charges will be 0.105% of the total transaction value.
If it is between the range of Rs. 2 Cr. to Rs. 5 Cr. the commission charges to be paid is 0.095% of the total transaction volume.
For above Rs. 5 Cr. of transaction volume, the management fees will be 0.080% of the total transaction volume.
JM Financial PMS Profit Sharing% Commission
The table given below is showing details about profit sharing% commission model-
| Profit Sharing% Commission (Yearly) | |
| Profit Amount – 2.5L – 5L | 21.3% of Profit |
| Profit Amount – 5L – 10L | 20.3% of Profit |
| Profit Amount – 10L – 50L | 19.0% of Profit |
| Profit Amount – 50L Plus | 17.5% of Profit |
The profit sharing % commission model is one of the most convenient models available for clients. The clients are only required to pay management charges only when the actual revenue is realized.
This model is customised based on high-profit percentage and low risk as well. Profile sharing % commission model is a reliable and convenient model available.
It is wholly dependent on portfolio performance. Normally, this commission model is only availed for clients who are with the company for more than 2 years.
For the investment portfolio between the range of Rs. 2.5 lakh to Rs. 5 lakh, profit sharing will be 21.3% of the total profit realised.
If it is between the range of Rs. 5 lakh to Rs. 10 lakh, the profit sharing is 20.3% of the total profit. For the profit amount of Rs. 10 lakh to Rs. 50 lakh, the sharing of profit will be 19.0% of the total profit.
For more than Rs. 50 lakhs of profit value, profit sharing will be 17.5% of the total profit.
Along with the commission charges, the broking house also levies custodian charges, depository charges, upfront charges, management charges, exit load and brokerage charges etc. All these charges are described below in a table chart.
Know Charges models of other Portfolio Management Service Providers
JM Financial PMS Charges
The below-given table is giving information about JM Financial Portfolio Management Service Charges-
| Charges | |
| Management Fees | As per the commission model |
| Upfront Fees | 0.90% – 1.20% of Asset Value |
| Brokerage Charges | 0.013% – 0.043% of Total Transaction Value |
| Custodian Charges | 0.21% – 0.41% of Asset Value |
| Depository Charges | 0.25% – 0.35% of Asset Value |
| Exit Load – within 12 months | 0.95% – 1.45% of Withdrawal Value |
| Exit Load – post 12 months | Free |
JM Financial is a highly renowned broking house available in the country. It offers various investment or portfolio management services to clients at the lowest possible commission charges.
The company levies various charges that are discussed below in brief-
- Management fees- the broking house charges management fees based on the opted commission model.
- Upfront Fees- upfront fees charged by the company are between the range of 0.90% to 1.2% of the total asset value.
- Brokerage Charges- brokerage charges normally range from 0.013% to 0.043% of the total transaction value.
- Custodian Charges- The custodian charges are charged between the range of 0.21% to 0.41% of the total asset value.
- Depository Charges- Depository charges are levied between the range of 0.25% to 0.35% of the total asset value.
- Exit Load charges- exit load charges are normally dependent on the withdrawal amount and withdrawal duration. If the withdrawal is done within 12 months then the commission charges will be 0.95% to 1.45% of the total withdrawal value. If it takes place post 1 year then the management charges will be free.
JM Financial PMS Benefits
Find the details about JM Financial PMS advantages in the table given below-
| Benefits / Advantages | |
| Top-up Facility | Yes |
| Back office Reports | Yes |
| Email Update | Yes |
| SMS Update | Yes |
| Watsapp Update | No |
| Portfolio View | Yes |
| Detailed View | Yes |
| Flexible Commission Model | Yes |
| Flexible Investment Plans | Yes |
| Massive Experience | Yes |
JM Financial has various advantages that are listed below-
- The broking house avails the top-up facility and also provides login credentials so that clients can check for all the portfolio-related reports in detail.
- Email and SMS update facility is also provided to check what is happening in the PMS account.
- Flexible commission models and investment plans are also offered for huge satisfaction.
- The company also has massive experience in the finance management sector.
JM Financial PMS Customer Care
The table given below is showing a detailed view of JM Financial PMS Customer Care.
| Customer Care | |
| Call Support | Yes |
| Email Support | Yes |
| Chat Support | No |
| Watsapp Support | Yes |
| Relationship Manager Support | Yes |
| Call to Fund Manager | Yes – 5 to 6 Times a month |
| Issue Resolving TAT | 17 working days |
The broking house also provides good support to all of its clients. It offers email and chats support through which clients can easily resolve their queries.
Also, relationship manager support and WhatsApp support are facilitated for a better experience. If they have any serious queries then they can call their fund manager around 5-6 times a month.
The issue resolving TAT for JM Financial PMS is 17 working days.
JM Financial PMS Conclusion
JM Financial is a very renowned brand that offers all types of investment management services to clients with good support services and nominal commission charges.
If you are looking for any renowned company to have PMS services then JM Financial should in the top of your search list.
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