MOAT Portfolio Management Services targeting AUM of Rs 20 crore in first year

KOCHI: MOAT Portfolio Management Services, a newly launched PMS company in Kochi, is targeting an Asset Under Management (AUM) of Rs 20 crore in the first year, which is 10 % of the total market in Kerala, he said. The company will have offices in Cochin and Hyderabad initially.

The process of investments and selection of stocks in the company will be made by panel of investment experts with long years of experience in the capital market, Suraj Nair, Director-Research, MOAT Portfolio Management Services said.

Despite the large amount of remittances received by the state, the total assets under management (AUM) in Kerala by portfolio managers would only be around Rs 200 crore.

Most of the NRIs park their funds in real estate while equity remains an under-owned asset class. This is true for not only Kerala but also for the country at large, says Suraj Nair.