Ask PMS for quarterly audited statement of transactions in your account

When investing in a portfolio management service (PMS), don’t just look at the returns and performance of its schemes. Make sure that the PMS provider also gives out quarterly audited (or even unaudited/provisional)  statements of the transactions in your account, to help you pay the right amount of tax and on time. Helping a client prepare her income tax return turned out to be more time-consuming than Kolkata-based investment advisor Malhar Majumder had expected it to be. Majumder had to go back and forth with his client’s PMS provider to get details of transactions an.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Outbrain