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First step be a SEBI registered portfolio manager? Be a remisier?

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  #1  
Old 2nd December 2016, 05:02 PM
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Default First step be a SEBI registered portfolio manager? Be a remisier?

I spoke to the regional manager of my broker, Sharekhan, to learn how Sharekhan could help me become a SEBI registered portfolio manager in Kochi.

One of the points I made was that I needed a broker to open client accounts for me to manager and my first choice is Sharekhan because I've not had a major issue in the last 5 years of having them as a broker. The discussion eventually led to me deciding to learn about becoming a remisier first before I become a franchisee owner of Sharekhan.

Am I on the right track to becoming a SEBI registered portfolio manager? Is there an even better course of action that I should be taking?

I'm sensing that a conflict of interest might be there because after reading the remisier porposal, I read about Sharekhan's PMS offerings and I did not discuss about that with the regional manager of Sharekhan.
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Old 4th February 2017, 11:28 AM
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Default Re: First step be a SEBI registered portfolio manager? Be a remisier?

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Originally Posted by Steve_1982 View Post
I spoke to the regional manager of my broker, Sharekhan, to learn how Sharekhan could help me become a SEBI registered portfolio manager in Kochi.

One of the points I made was that I needed a broker to open client accounts for me to manager and my first choice is Sharekhan because I've not had a major issue in the last 5 years of having them as a broker. The discussion eventually led to me deciding to learn about becoming a remisier first before I become a franchisee owner of Sharekhan.

Am I on the right track to becoming a SEBI registered portfolio manager? Is there an even better course of action that I should be taking?

I'm sensing that a conflict of interest might be there because after reading the remisier porposal, I read about Sharekhan's PMS offerings and I did not discuss about that with the regional manager of Sharekhan.
I am thinking of becoming a PM too eventually. Could you please summarize the information you have gathered on this topic so far? Thanks in advance.
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Old 4th February 2017, 01:03 PM
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Default Re: First step be a SEBI registered portfolio manager? Be a remisier?

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Originally Posted by sudeshJ View Post
And one more thing, don't go for small investors. They will ask their money back every weekend.
Thanks for your comments. They make perfect sense to me.

I did some research and it seems that registering as a PM with SEBI is a very expensive proposition - they want net worth to be at least 2 crores, plus 10lakhs for registration charges etc. Is this correct?

Would it make sense to become an Investment Advisor instead? How would this be different from PM, other than the fact that IAs can't trade on behalf of the client?
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Old 4th February 2017, 02:21 PM
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Default Re: First step be a SEBI registered portfolio manager? Be a remisier?

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Originally Posted by sudeshJ View Post
Plus 5 lakhs as renewal fees



Dear, have you heard of the saying that the "best things in life are usually free" ?
keep researching
True, but it's nice to get some personal opinion/anecdotes too.
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Old 5th February 2017, 09:57 AM
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Default Re: First step be a SEBI registered portfolio manager? Be a remisier?

everything is negotiable. find out list of brokers registered in your targeted exchanges. there is a broker who is using it for trading it with himself. why not use non performing brokers. but there needs to be a mutual trust.
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Old 5th February 2017, 10:43 AM
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Default Re: First step be a SEBI registered portfolio manager? Be a remisier?

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Originally Posted by sudeshJ View Post
your age and aum?
You misunderstand me. I am far away from entering the PM business. For now I am just exploring and studying various avenues.
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