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PMS assets rise just 0.6% to Rs. 6.27 trillion in August

As on August 30, 2013, AUM of discretionary PMS constitute 83.2 percent of the total AUM of PMS

January 01, 1970 5:30 IST | India Infoline News Service
Total assets under management (AUM) of Portfolio Management Services (PMS) industry have increased by 0.6 percent from Rs. 6,27,996 crore in July 2013 to Rs. 6,32,075 crore in August 2013, according to SEBI data.

As on August 30, 2013, AUM of discretionary PMS constitute 83.2 percent of the total AUM of PMS followed by advisory PMS (11.9 percent) and non discretionary PMS (4.8 percent), it added.

In terms of number of clients, discretionary services category ranks first with total of 48,118 clients, out of 64,369 clients in PMS industry, followed by advisory services with 11,128 clients and nondiscretionary category with 5,123 clients.

S&P BSE Sensex closed at 18619.72 on August 30, 2013, as against 19345.7 on July 31, 2013, registering a decrease of 726.0 points (3.8 percent). During August 2013, Sensex recorded an intraday high of 19569.20 on August 1, 2013 and an intraday low of 17448.71 on August 28, 2013.

CNX Nifty closed at 5471.80 on August 30, 2013 compared to 5742.0 on July 31, 2013, indicating a decrease of 270.2 points (4.7 percent). During August 2013, Nifty recorded an intraday high of 5808.50 on August 1, 2013 and an intraday low of 5118.85 on August 28, 2013.

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