KR Choksey PMS – Review, Strategies, Returns, Charges & more

KR Choksey PMS is a Mumbai based wealth management company running since 1979. The company offers services across many financial verticals. They’re a part of the NSE, BSE, MCX and NCDEX. Furthermore, they’re even a part DP for the CDSL.

However, in today’s article, we’ll only talk about KR Choksey Portfolio Management Services. In fact we’ll review them on the basis of: –

  • The story of their origin. This part will include the details of their founders. And, it’ll even tell you about the year and place when they were established.
  • Description of all sorts of PMS they offer to their clients.
  • Their fund managers’ details including the value of the assets they manage. This part will even tell you about their educative qualification and experience.
  • Elaboration to all of their investment strategies. This part will tell you all about their different approaches.
  • Descriptive chart about the CAGR they promise to their clients. This part will distinguish the CAGR for different investment terms.
  • Elaboration to all of their commission plans. This part will establish the parameters based on which the commission is charged.
  • Complete elaboration to all of the extra charges they demand from their clients. This part will include the reason for which these charges are incurred.
  • And, finally, there will be a conclusion to the entire article. This part will simply re-establish the pros and cons of the company.

PMS Offers


KR Choksey PMS – Customer Ratings & Review

Find Client ratings of KR Choksey Portfolio Management Services –

Ratings
Returns Performance3.5 / 5
Services3.4 / 5
Charges3.5 / 5
Experience3.3 / 5
Strategies3.2 / 5
Client Support3.4 / 5
Overall Ratings3.4 / 5
Star Ratings★★★★★

Overview of KR Choksey Portfolio Management Services

Find a detailed overview of the KR Choksey portfolio management service in the table given below-

Overview
Company TypePrivate
Registered LocationMumbai, Maharashtra
LeadershipKisanbhai R. Choksey
Yr. of Establishment1979

As mentioned earlier KR Choksey PMS was established in the year 1979. They have their headquarters located in Mumbai, Maharashtra. And, Kisanbhai R. Choksey is the person who established the firm.

At present they cater to more than 75,000 investors across the nation. And, they even have more than 1,500 Cr. worth of assets under management.

Now, we will have a discussion about KR Choksey portfolio management service company review, its PMS returns, PMS charges and more.


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Types of KR Choksey PMS

There are 2 types of KR Choksey Portfolio Management Services –

Types of PMS
DiscretionaryYes
Non-DiscretionaryYes

There are merely two PMS types offered to the clients by KR Choksey PMS. We’re talking about Discretionary and Non-Discretionary PMS. The first one sets the clients free post investment.

In fact, it grants asset related decisive powers to the fund manager. Thus, the fund manager is free to execute any asset related alterations.

The second one, however, works on a different philosophy. It requires the company to provide the clients regular advisory.

And, the company must even seek clients’ permission for any executing any changes. So, the decisive power related to the asset remains with the clients.


KR Choksey PMS Fund Managers Details

The table given below is providing the entire details about the fund manager of KR Choksey PMS company.

Fund Manager’s Details
NameVikash Khemka
Experience13 Yrs
Highest QualificationMS – Finance
AUM (in Cr.)67 Cr.
Number of Clients51
Investment Tenure3-4yrs

KR Choksey PMS has Vikash Khemka as their fund manager at present. Vikash has MS – Finance, for educative background. And, he even has experience of 13 years.

At present, he’s in charge of 51 clients and assets worth 67Cr. And, it’s quite easy for you to get him to manage your assets as well. All you need to do is invest with the company for 3-4 years.


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KR Choksey PMS Strategies

The below table is providing details about the KR Choksey portfolio management service strategies-

Strategies
Large Cap StrategyYes
Diversified StrategyYes
Small – Midcap StrategyYes

KR Choksey PMS is completely open with multiple investment ideas. In fact, they invest in all sorts of portfolios. And, we’re talking about small, mid and large cap portfolios.

However, merely this information does not justify the approaches they implement. So, here’s the complete list of their strategies: –

KR Choksey – Diversified Equity

The objective of this strategy is to generate long term capital growth. This is achieved by investing in equity and equity instruments across large-cap stocks.

Stocks promising stable returns and low volatility over long term are selected. This strategy works typically on a top-down approach. And, 80-90% of the asset value is invested upon large-cap stocks.

KR Choksey – Emerging Cap

This strategy aims for long term capital growth through investment across mid-cap stocks. It predominantly invests on the equity and equity related instruments. This works on a bottom-up strategy.

This means that the company seeks to identify promising investment ideas. This has higher volatility and risk factor as compared to large-cap stocks. Certain amount of the asset is also invested in money market.

KR Choksey – Alpha Invest

The objective is to generate long term capital appreciation. The investment is made on equity and equity related instruments. And, the asset is invested across several cap segments.

This helps in getting risk diversification. It’s apt for both resident and non-resident clients.

KR Choksey – Short term

The objective of this strategy is to generate short term capital growth. Investments in this are made across equity and equity related instruments.

And, the focus is liquid counters with superior risk adjusted returns. The company uses a combo of technical and quantitative attributes to identify oversold / overbought shares / indices.

KR Choksey – Vision Infrastructure

This strategy aims to generate long term capital growth through passive managed portfolios. The investment is made across equity and equity related instruments.

And, the primary focus is to invest on mid-cap stocks. Stocks with a potential to deliver superior risk adjusted returns in infrastructure space are selected.

This has higher volatility and risk factor as compared to large-cap stock investments.


KR Choksey PMS Returns / Performance

The below table is giving details about KR Choksey PMS returns and performance-

Returns (CAGR)
3 Year8.9%
5 Year7.6%
7 Year9.8%
10 Year8.3%
11 Year Plus8.5%

The above chart shows the expected CAGR as promised by the company. And, the chart is distinguished for varied investments terms.

The CAGR for 3-year investments is thought to be 8.9%. CAGR for 5-year investments is expected at 7.6%. 7-year investments are expected to fetch 9.8% CAGR.

8.3% CAGR is expected from the 10-year investments. And, the investments above 11 years are expected to fetch a CAGR of 8.5%.


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KR Choksey PMS Investment Plans

Below the given table is providing details about the KR Choksey 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

KR Choksey PMS categorizes the investments into four parts. The first one is called the bronze plan with investments from 25L-50L. Second one is known as silver plan with investment bracket of 50L-1Cr.

Third in line is the gold plan. This one looks after the investments within 1Cr.-5Cr. And, the last one is known as the platinum plan. This caters to the investments above 5Cr.


KR Choksey PMS Fee Structure or Commission Slabs

Find the details about the types of commission models or fees structure offered by KR Choksey PMS house are as follows-

Commission / Fees Structure
Prepaid CommissionYes
Volume% CommissionYes
Profit Sharing% CommissionYes

KR Choksey PMS grants prepaid, volume% and the profit-sharing model.


KR Choksey PMS Prepaid Commission

Prepaid Commission (Yearly)
Investment – 25L – 50L1.35% of Investment
Investment  – 50L – 1 Cr.1.20% of Investment
Investment – 1 Cr. – 5 Cr.1.00% of Investment
Investment – 5 Cr. Plus0.80% of Investment

This is the first commission plan the company offers. It charges the clients before investing. The bronze plan clients are charged at 1.35% commission rate.

Silver plan clients are charged at 1.20% commission rate. 1.00% commission rate is charged from the gold plan clients.

And, the platinum plan clients are charged at 0.80% commission rate. The commission is charged based on the investment value.


KR Choksey PMS Volume% Commission

Volume% Commission (Yearly)
Transaction Volume – 25L – 50L0.119% of Total Transaction Volume
Transaction Volume – 50L – 1 Cr.0.114% of Total Transaction Volume
Transaction Volume – 1 Cr. – 5 Cr.0.109% of Total Transaction Volume
Transaction Volume – 5 Cr. Plus0.100% of Total Transaction Volume

Volume% Commission depends on the total transaction volume of the fund manager on behalf of the client. For a transaction volume of INR 25 lakh to 50 lakh, the commission charged is 0.119%of total transaction.

For higher transaction volume of IINR 5 Crore & plus, the charges are 0.100% of total transaction. Hence, the charges decreases with high transaction volume.


KR Choksey PMS Profit Sharing% Commission

The table given below is showing details about profit sharing% commission model-

Profit Sharing% Commission (Yearly)
Profit Amount – 2.5L – 5L22.4% of Profit
Profit Amount – 5L – 10L20.4% of Profit
Profit Amount – 10L – 50L18.4% of Profit
Profit Amount – 50L Plus16.1% of Profit

Profit-sharing plan is last of all commission plans. It charges the clients after they realize their profits. And, that’s why it’s so popular with the clients.

So, it charges the bronze plan clients at 22.4% commission rate. The silver plan clients are charged at 20.4% commission rate.

Gold plan clients are charged at 18.4% commission rate. And, the platinum plan clients are charged at 16.1% commission rate.


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KR Choksey PMS Charges

The below-given table is giving information about KR Choksey Portfolio Management Service Charges-

Charges
Management FeesAs per commission model
Upfront Fees0.50% – 0.80% of Asset Value
Brokerage Charges0.005% – 0.015% of Total Transaction Value
Custodian Charges0.15% – 0.25% of Asset Value
Depository Charges0.11% – 0.21% of Asset Value
Exit Load – within 12 months0.75% – 1.00% of Withdrawal Value
Exit Load – post 12 monthsFree

Here’s the list of all additional charges KR Choksey PMS incurs upon their clients: –

  • The clients are charged with a certain management fee. This is charged based upon the type of commission plan they opt.
  • They clients must pay a brokerage charge. They’re charged at 0.005-0.015% of transactional value for this.
  • They clients are charged with an upfront fee. This is charged at 0.50-0.80% of the asset value.
  • The clients are charged with a custodian charge. And, they’re charged at 0.15-0.25% of asset value for this.
  • The clients must even pay off a depository charge. This is charged at 0.11-0.21% of the asset value.
  • And, at last the clients are charged for exit load. They’re charged at 0.75-1.00% of withdrawal value. This is only charged on the withdrawals within 12 months of investment.

KR Choksey PMS Benefits

Find the details about KR Choksey PMS advantages in the table given below-

Benefits / Advantages
Top-up FacilityYes
Back office ReportsYes
Email UpdateYes
SMS UpdateYes
Watsapp UpdateNo
Portfolio ViewYes
Detailed ViewYes
Flexible Commission ModelYes
Flexible Investment PlansYes
Massive ExperienceYes

Investing with KR Choksey PMS comes with many benefits. We, however, have enlisted only the ones with most impact: –

  • The clients get the advantage of using the company’s top-up provision. This allows them to increase their investment value upto certain extent.
  • The clients get access to timely updates regarding their investments. They’re updated through SMS and Emails.
  • The clients get to choose from many diversified and flexible investment models. They even have the option to choose their favorable commission model.
  • The clients get to tap into the company’s years of industrial experience. And, thus, benefit from it.

KR Choksey PMS Customer Care

The table given below is showing a detailed view of KR Choksey PMS Customer Care.

Customer Care
Call SupportYes
Email SupportYes
Chat SupportNo
Watsapp SupportYes
Relationship Manager SupportYes
Call to Fund ManagerYes – 6 to 9 Times a month
Issue Resolving TAT14 working days

KR Choksey PMS has set up a proper customer care for their clients. And, the customer care grants the clients with the following services: –

  • Provision to call the fund manager for investment related queries. This is permitted at 6-9 times a month.
  • Immediate support through call and email.
  • Provision to a dedicated relationship manager.
  • Issue resolution TAT with 14 working days.

KR Choksey PMS Conclusion

In short, we deem KR Choksey PMS to be the perfect company to help with wealth management needs.


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