I had invested xxxxxxxxx amount on money in Portfolio Management Services(PMS). I have a total of 4 PMS accounts and atleast 12 years of experience of trading.
I saw the upside and downside. With my experience and consultation with a few traders I have prepared a data for future investors/traders so that people don’t get fooled. Go through the statistics and then Invest. There is nothing like cigarette and filter made for each other. Different Individuals have different investment requirements. See the below table for investment -
ICICI Direct
Customer Care - Worst Call Center
ROI - 28%
Hidden /charges - Yes
Accessibility - No
Brokerage Charged - 0.50%
Account opening process - Fastest
Documentation - Minimum
Kotak Securities
Customer Care - Relationship Manager but with the least of knowledge
ROI - 34%
Hidden /charges - Yes
Accessibility - No
Brokerage Charged - 0.50%
Account opening process - Slow
Documentation - Maximum
Emkay Global
Customer Care - Relationship Manager with Good Knowledge
ROI - 109%
Hidden /charges - No
Accessibility - Can even talk to Research Head
Brokerage Charged - 0.15%
Account opening process - Dead Slow
Documentation - Maximum
Sharekhan
Customer Care - Will keep transferring your call from one person to another
ROI - 42%
Hidden /charges - Yes
Accessibility - No
Brokerage Charged - 0.30%
Account opening process - Slow
Documentation - Maximum
Hope it helps you guys.