I think the comparison mentioned above between PMS and BSE500 may be slightly misleading and may give impression that PMS gives very high returns incorrectly from the context of MF vs PMS comparison. My understanding is that PMS returns mentioned here is without considering fee and other costs. Whereas index returns if bought through MF or ETF will have comparatively much smaller costs and less tax incidents if held for very long time (Probably more so with budgets increasing taxes on both short and long term capital gains). Is that correct understanding?
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