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IndiaNivesh shuts PMS business amid Covid-19 outbreak, market volatility

India city Sandeep covid-19 outbreak
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IndiaNivesh Investment Managers has decided to wind up its portfolio management services (PMS) business due to market turmoil and difficult economic circumstances due to ongoing covid 19 outbreak. "In view of the current market volatility pursuant to the global outbreak of Covid 19 and its long term impact on our business, we have decided to close our operation at IndiaNivesh Investment Managers Pvt.

Ltd, a SEBI registered portfolio manager. Thus our sole strategy of Sprout Portfolio will be wound up," said Sandeep Jain in a letter to clients on Sunday.

According to Jain, PMS can transfer shares to client’s individual demat accounts by using scanned copy of CMR or client master report which can be procured on email from the broker.

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Deaths: 141 607
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Russia
Russia
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Deaths: 237 619
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