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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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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
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Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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