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SBI Funds PMS – Review, Strategies, Returns, Charges & more

SBI Funds PMS is one of the largest players in India that brings experience in wealth management to offer exquisite retail services to High Net-worth Investors.

They have designed their PMS products by understanding the investor’s requirements and terms of risk / return expectations. They are a Joint Venture between SBI and AMUNDI (France), one of the world’s leading fund management companies.

Let us take a look on what are the Ratings, Review, Strategies, Commission Models, Yearly Returns & much more about SBI Funds Portfolio Management Service.

PMS Offer


SBI Funds PMS – Customer Ratings & Review

Find Client ratings of SBI Funds Portfolio Management Services –

SBI Funds PMS Ratings
Returns Performance3.3 / 5
Services3.2 / 5
Charges3.4 / 5
Experience3.3 / 5
Strategies3.2 / 5
Client Support3.0 / 5
Overall Ratings3.3 / 5
Star Ratings★★★★★

The above table gives us a clear picture about the scores achieved by SBI Funds PMS broking house. They have excelled in each and every category.


Overview of SBI Funds Portfolio Management Services

Let us have a glance on the particulars of SBI Funds Portfolio Management Service.

Overview
Company TypePublic
Registered LocationMumbai, Maharashtra
LeadershipAshwani Bhatia
Yr. of Establishment1993

SBI Funds PMS

SBI Funds Portfolio Management Services is associated with the Conglomerate of Indian Banking Sector – State Bank of India.

Being a Part of this gigantic group, the foundation of SBI Funds PMS group which is a private company was laid by Mr. Ashwani Bhatia in the year 1993.

They have their head-quarters in Mumbai, Maharashtra. Today SBI Funds PMS is a known name for distributing investment products and providers of financial services in India.

SBI Funds PMS broking house believes in delivering value and nurture the trust of their vast and varied family of investors. Let’s take deep look at the different types of SBI Funds PMS, their PMS Charges, PMS Returns & more.


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Types of SBI Funds PMS

There are 2 types of SBI Funds Portfolio Management Services –

Types of PMS
DiscretionaryYes
Non-DiscretionaryYes

This PMS house provides both the Discretionary as well as Non-Discretionary PMS to the clients. In Discretionary PMS the fund manager has the sole right to select the stocks and create a portfolio for the client.

In case of Non-Discretionary PMS, the stocks can be selected by the customer themselves. Mostly clients are in favour of Discretionary Portfolio Management.

But some clients do go in for Non-Discretionary PMS at the initial stage.


SBI Funds PMS Fund Managers Details

The details about the Fund Managers of SBI Funds Portfolio Management Service is given in the table here below.

Fund Manager’s Details
NameAjit Dange
Experience15 Years
Highest QualificationCFA
AUM (in Cr.)Approx 12,000 Cr.
Number of Clients300+
Investment TenureMinimum 3 yr.

SBI Funds PMS has vast number of Fund Managers working in their team. Mr. Ajit Dange is very unique in his own way. He is acknowledged for delivering outstanding Performance and plays a major role in the team. He is qualified as a CFA bagging an experience of 15 years.

The Fund Managers of SBI Funds PMS holds approximately Rs. 12,000 cr. as AUM and are in capacity of handling more than 300 + PMS clients. The Clients go for investments in SBI Funds PMS for a minimum period of least 3 years.


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SBI Funds PMS Strategies

This table give you the details about SBI Funds Portfolio Management Services Strategies:

Strategies
Large Cap StrategyYes
Diversified StrategyYes
Small – Midcap StrategyYes

There are several types of PMS strategies provided by SBI Funds PMS. Mostly all the types of Investment strategies like Large CAP Strategy, Diversified Strategy as well as Small-Midcap Strategy are available with them.

SBI Funds Large Cap Strategy

This strategy aims in attaining long term capital appreciation by investing in Large Cap companies.

They offer professional investment management in order to gain consistent returns by investing in companies that have a proven track record, quality management and good growth potential.

SBI Funds Diversified Strategy

This strategy aims in doing investments mainly in a mix of equity instruments by selecting companies from all strata.

SBI Funds Small – Midcap Cap Strategy

This strategy aims to help their investors in gaining optimal results by taking high risks in dynamic stocks.


SBI Funds PMS Returns / Performance

This table helps you to check the details about SBI Funds Portfolio Management Service Performance:

Returns (CAGR)
3 Year10%
5 Year12%
7 Year13%
10 Year15%
11 Year Plus16%

SBI Funds PMS has an extremely good rate of return. The broking house is flourishing and has beaten the record of 10 years Mutual Fund Returns.

For a performance period of 3 Years the returns offered by SBI Funds PMS is 10%, for 5 years the rate is 12%, for 7 years it is 13%, for 10 years it is 15% and for 11 plus years the rate of return is 16% CAGR.

This healthy rate of return is another major reason why investors prefer to avail their services in addition to their association with SBI group.


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SBI Funds PMS Investment Plans

This table illustrates the details about SBI Funds Portfolio Management Service investment slabs:

Investment Plans
Bronze (25L – 50L)Yes
Silver (50L – 1 Cr.)Yes
Gold (1 Cr. – 5 Cr.)Yes
Platinum (5 Cr. Plus)Yes

This table gives a clear understanding of different Investment slabs that are offered by SBI Funds PMS to the clients. The minimum investment amount required is Rs.25 Lakh to start with.

This amount is universal across all Portfolio Management Services houses. SBI Funds PMS broking house has four types of Investment Plans viz: – Bronze, Silver, Gold and Platinum.

The Bronze plan starts with a range of INR 25 Lakh and goes up to INR 50 Lakh. Silver Plan is in the range of Rs.50 Lakh up to Rs.1 Crore.

The Gold plan can be locked in by investing in between Rs.1 Crore up to Rs.5 Crore. You can also avail the Platinum plan if you are willing to invest for more than Rs.5 Crore with them.

The commission range of SBI Funds PMS house is different with each set of plan. Huge investments will end up in paying low commissions.


SBI Funds PMS Fee Structure or Commission Slabs

The Fees Structure of SBI Funds Management Services is described here below:

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

The fees or commission of SBI Funds PMS is classified into 3 types of categories.


SBI Funds PMS Prepaid Commission

Here the investor is demanded to make advance payment before commencing the actual tenure. As this is a prepaid model, here a very low commission is charged as compared to other models.

Prepaid Commission (Yearly)
Investment – 25L – 50L1.75% of Investment
Investment  – 50L – 1 Cr.1.55% of Investment
Investment – 1 Cr. – 5 Cr.1.35% of Investment
Investment – 5 Cr. Plus1.15% of Investment

This Prepaid Commission model of SBI Funds PMS depends on the amount of Investment made by the client. If you make investments somewhere in between Rs.25 Lakh upto Rs.50 Lakh then the prepaid commission required to be paid will be 1.75% of the Investment.

When you invest in between Rs.50 Lakh to Rs.1 Crore, the prepaid commission levied is 1.55% of total investment. For an investment of more than Rs.1 Crore and up to Rs.5 Crore, the prepaid fee paid to them is 1.35% of the total investment.

When the investment is exceeding a value of Rs.5 Crore, then the management fees would be 1.15% of the amount invested.


SBI Funds PMS Volume% Commission

The Fees Structure out here entirely depends on the total number of transactions done by the Fund Manager keeping in mind several other factors like market condition and other aspects of investment.

The investor is most likely to pay a higher amount of commission in this type of model.

Volume% Commission (Yearly)
Transaction Volume – 25L – 50L0.22% of Total Transaction Volume
Transaction Volume – 50L – 1 Cr.0.20% of Total Transaction Volume
Transaction Volume – 1 Cr. – 5 Cr.0.18% of Total Transaction Volume
Transaction Volume – 5 Cr. Plus0.16% of Total Transaction Volume

Here the commission amount depends on the situation of the market and also on how loyal or faithful is your Fund Manager.

For a yearly transaction volume in between Rs.25 Lakh to Rs.50 Lakh, you would end up paying the Management fees of around 0.22% of total transaction volume.

If your transaction value is in between Rs.50 Lakh to Rs.1 Crore, then a fee of 0.20% of total transaction amount needs to be paid.

There would be a lower commission for a high transaction volume i.e. if the transaction volume is above Rs.1 Crore and up to Rs.5 Crore, the charges are 0.18% of the total volume.

If the transaction volume exceeds the value over Rs.5 Crore, the Management fees charged by SBI Funds PMS group is 0.16% of total transaction volume.


SBI Funds PMS Profit Sharing% Commission

Investors find this model very convenient to them. Here in this type of model the Management fee is paid only after the profit is realized by the investor.

However, the percentage of the commission charged is very high but at the same time the risk involved is comparatively low over here.

Profit Sharing% Commission (Yearly)
Profit Amount – 2.5L – 5L30% of Profit
Profit Amount – 5L – 10L28% of Profit
Profit Amount – 10L – 50L25% of Profit
Profit Amount – 50L Plus22% of Profit

As mentioned above the clients usually zero down on this model because here the commission totally depends on the performance of the portfolio.

The profit sharing is 30% for a portfolio that gains profit in a range of Rs.2.5 Lakh up to Rs.5 Lakh. 28% is the Profit volume that needs to be shared for the profit range in between Rs.5 Lakh to Rs.10 Lakh.

If your profit shoots up somewhere in the between Rs.10 Lakh to Rs.50 Lakh, the profit sharing is 25% and if your profit goes above Rs.50 Lakh, then the sharing of profit is 22% to SBI Funds PMS team.

This broking house also makes tailor made customized commission models for their investors as required by them.

Besides the Commission or Management Fees, there are quite a few other charges like Upfront Fees, Brokerage, Depository Charges, Custodian Charges and Exit Load that needs to be paid to the PMS house.


Know Charges models of other Portfolio Management Service Providers

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SBI Funds PMS Charges

The fine points of SBI Funds Portfolio Management Service Charges can be seen in this table:

Charges
Management FeesAs per commission model
Upfront Fees1.2% – 1.7% of Asset Value
Brokerage Charges0.012% – 0.022% of Total Transaction Value
Custodian Charges0.35% – 0.45% of Asset Value
Depository Charges0.18% – 0.20% of Asset Value
Exit Load – within 12 months1.2% – 2.2% of Withdrawal Value
Exit Load – post 12 monthsFree or 0.55% of Withdrawal Value

Some additional charges that are required to be paid to SBI Funds PMS are:

Management Fees – Here the fees structure would be as per the commission model that is mutual consent with both the parties – the client & the PMS team.

Upfront Fees – 1.2% – 1.7% of the asset Value is the upfront fees charged by SBI Funds PMS team.

Brokerage Charges – The Brokerage charges are in between 0.012% – 0.022% of total transaction value.

Custodian Charges – Anywhere in between 0.35% – 0.45% of Asset Value is the custodian change charge that is levied by the PMS house from their clients.

Depository Charges – The PMS depository charge of this broking house is somewhere in between 0.18% – 0.20% of Asset Value.

Exit Load Fees – The exit load fees is 1.2% – 2.2% of the withdrawal value for any withdrawal that has been done in within a period of 1 year of portfolio creation.

However, if the withdrawal takes place after the period of 1 year then the Exit Load fees is free in some cases whereas it would be around 0.55% of withdrawal value which would defer from case to case.


SBI Funds PMS Benefits

In this table you can check the benefits of SBI Funds Portfolio Management Service:

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

The variety of benefits offered by SBI Funds PMS are as follows:

There is a Top-up facility given by them to all the investors.

The client can access to their web services through the online medium which will facilitate the latest reports and portfolio information.

Timely basis provisions are made for all the transactions that take place in the clients account by way of Email Update and SMS Update.

Flexible investment plans and flexible commission models are also made available by this group.

SBI Funds PMS house has a massive experience in Portfolio Management Services for optimum results.


SBI Funds PMS Customer Care

Check the details about the Client Support of SBI Funds PMS in the table given below:

Customer Care
Call SupportYes
Email SupportYes
Chat SupportNo
Watsapp SupportYes
Relationship Manager SupportYes
Call to Fund ManagerYes – 3 to 5 Times a month
Issue Resolving TAT13 working days

The Customer Care support provided by the team of SBI Funds PMS house is very satisfactory.

The facility of making Direct Call for resolve issues and queries of any sort can be availed by the client.

The support of Email and Watsapp is also being given to the clients.

All their customers can also connect and seek support from their Relationship Manager at any point of time.

The Fund Manager can also be called directly for at least 3 to 5 times in a month.

The issue resolving TAT period of SBI Funds PMS team is 13 working days.


SBI Funds PMS Conclusion

SBI Funds Portfolio Management Services is created in particular to meet the investment needs of top quality clients who require focused portfolios.

They believe in understanding the investor’s requirements and risk/return expectations. Based on these factors only this PMS r team suggests solutions for the portfolio of the clients.

The team focuses on customer delight, transparency and sustained returns, thereby launching a wide range of innovative products.

So for your integrated end-to-end customized asset management solution in terms of advisory service, discretionary and non-discretionary portfolio management services you can be rest assured with the professionally managed, quality focused and customer centric group of SBI Funds PMS house.

You can relax and expect good returns from them for your hard earned investments.


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