Discretionary Portfolio Management Services definition

Discretionary Portfolio Management Services means the portfolio management services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the agreement, where under the Portfolio Manager exercises any degree of discretion in the investments or management of assets of the Client.

Discretionary Portfolio Management Services means portfolio management services where the Portfolio Manager exercises or may, under a contract relating toportfolio management exercise any degree of discretion as to the investments or management of the Portfolio of securities or the Funds of the Client, as the case may be.

Discretionary Portfolio Management Services means the portfolio management services rendered to the Client, by the Portfolio Manager individually and independently, exercising its full discretion and/or advising and/or directing and/or undertaking on behalf of the Client, in respect of investments or management or administration of the Portfolio of the Assets of the Client in accordance with the various provisions of the Act, Rules, Regulations and/or laws in force and amendments made therein from time to time and on the terms and conditions set out in this Agreement.

Examples of Discretionary Portfolio Management Services in a sentence

• Under the Discretionary Portfolio Management Services, the Portfolio Manager shall deploy the Funds by investing or divesting suitably in securities as per the Applicable Law.

• The Portfolio Manager will provide Discretionary Portfolio Management Services which shall be in the nature of investment management, and may include the responsibility of managing, renewing and reshuffling the Portfolio, buying and selling the Securities, keeping safe custody of the Securities with the custodian and monitoring book closures, dividend, bonus, rights etc.

• Under Discretionary Portfolio Management Services, the Portfolio Manager may invest Clients’ Funds in listed securities, securities which are traded on a recognized stock exchange, money market instruments (including, but not limited to, commercial paper, trade bill, treasury bills, certificate of deposit and usance bills), units of mutual funds and other securities as specified by SEBI from time to time, on behalf of the Clients, in accordance with Applicable Law.

• Discretionary Portfolio Management Services (PMS): Under the services, all an investor has to do, is to give his portfolio in any form i.e. in stocks or cash or a combination of both.

• While discharging the Discretionary Portfolio Management Services, the Portfolio Manager shall ensure that the liability of the client will not exceed its investment with the Portfolio Manager.

More Definitions of Discretionary Portfolio Management Services

Discretionary Portfolio Management Services means the Portfolio Management Services rendered to the Client, by the Portfolio Manager on the terms and conditions contained in the Agreement with respect to the Assets (including the Portfolio and Funds) of the Client, where the Portfolio Manager exercises its sole and absolute discretion with respect to investments or management of the Assets of the Client, entirely at the Client's risk, in such manner as the Portfolio Manager may deem fit.

Discretionary Portfolio Management Services means the services provided by the Portfolio Manager exercising its sole and absolute discretion to invest the Clients’ funds in any type of security as per the agreement relating to portfolio management and to ensure that all benefits accrue to the Clients’ Portfolio, for an agreed fee, entirely at the Clients’ risk.

Discretionary Portfolio Management Services means the discretionary portfolio management services rendered to a Client by the Portfolio Manager pursuant to the terms and conditions contained in the Discretionary Portfolio Management Services Agreement, where under the Portfolio Manager exercises absolute and unfettered discretion, with regards to the investments and management of the Assets of a Client.

Discretionary Portfolio Management Services or “D-PMS' or “DPMS” means the Portfolio Management Services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the Agreement and in accordance with the various provisions of the Act and Regulations and/or other Applicable Laws in force and amendments made from time to time, where under the Portfolio Manager exercises any degree of discretion (subject to any specific restrictions mentioned in the Schedule II forming part of the Agreement or as may be given by the Client in the prescribed format, at a later date(s)) as to the investment and the management of the Assets of the Client entirely at the Client’s risk, in such manner as the Portfolio Manager may deem fit in accordance with the terms of the Agreement.

Discretionary Portfolio Management Services or “Services” means the investment advisory and / or the portfolio Management services on discretionary basis rendered to the Client by the Portfolio Manager on the terms and conditions contained in this agreement, where-in-under the Portfolio Manager exercises any degree of discretion whilst making decisions for the investments or management of assets Portfolio of the Client.

Discretionary Portfolio Management Services means the portfolio management services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the agreement, whereunder the

Discretionary Portfolio Management Services or “Discretionary PMS” means the portfolio management services rendered to the Client, by the Portfolio Manager on the terms and conditions contained in the Discretionary Portfolio Investment Management agreement, wherein the Portfolio Manager exercises or may exercise, any degree of discretion as to the investment of funds or management of the portfolio of Securities of the Client.