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Equirus Capital which is a mid sized investment bank has been planning to launch its portfolio management scheme (PMS) business by the end of this month with an initial corpus of around Rs 80 crore.
Equirus Capital’s founder and MD, Ajay Garg, has said that “We have all the licences in place, including those from market watchdog Sebi. The only permission pending is from CDSL, which we expect to come in any time now. We hope to formally launch the PMS business this month itself with a corpus of Rs 60-80 crore.”
He further said that the PMS plan is a part of the broader strategy of expanding the current bouquet of offerings and cashing in on the rising investor appetite for equities.
