Leaky Portfolio

Portfolio management schemes are less tax-efficient than mutual funds, are costlier and not backed bybetter skills

For many of us, a portfolio management scheme (PMS) is something couched in secrecy. No one knows whether people have made or lost money in PMS over a long period. PMS becomes popular in a bull market. As far as we know, in the bear market that followed the last broadbased rally...

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