MarketsMojo plans to enter Rs 5 trillion PMS space

Indian real time stock advisory firm MarketsMojo is all set to enter Portfolio Management Services (PMS) business, the company said in a press release.

The preliminary work has been commenced by the firm and it will apply for the PMS licence soon. MarketsMojo has over 2 million trusted customers, the company provides in-depth and real-time research on all publicly listed 4000+ stocks.

The company is planning to launch India’s first digital asset management company, where everything right from fund management to stock selection, construction of mutual fund products to distribution will materialize online, thus adding to cost advantage in operations.


“We are applying for international advisory licence to expand global operations. In India, we are applying for Portfolio Management Services (PMS) licence, and expect to start the PMS business with asset under management (AUM) of about Rs 4000 – 5000 crores. We also have plans for Asset Management Company (AMC) licence, and will unlock stakeholder’s value through an IPO over next 3 years.” said Mohit Batra, Founder and CEO, MarketsMojo.

Investors are betting big on systematic investment plans or SIPs with monthly flows through this route in mutual fund industry rising to all-time high of Rs 13,040 crore in October.

“MarketsMojo strongly believes in 30 = 5 concept, which means whatever economic growth India has achieved in past 30 years, it can be definitely achieved in next 5-years. India today is the fastest growing economy in the world and with several macro indicators favourable coming in its way, there is tremendous opportunity for people to create wealth by investing in equity markets,” said Batra.