News & Media 30th Sep 2024
While the minimum investment size in an PMS scheme is Rs 50 lakh, the same is pegged at INR 1 crore for AIFs. An increasing number of high net worth individuals or HNIs are migrating from portfolio management schemes (PMS) to Alternative Investment Funds (AIF) due to lower tax complexities even as AIFs mandate a larger investment ticket size.
Against this backdrop, our Partner Rahul Charkha shares his views in the story “Are tax filing complexities forcing HNIs to ditch PMS and opt for AIF?” authored by Srushti Vaidya from moneycontrol.com.
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