Want to know view on PMS service return after LTCG.
PMS charges huge fees and upfront commission from the profit we earned + now there will be LTCG tax on capital gains. Hence, if you take net return from PMS, it will be not better than Index Fund / Low cost good MF.
Also, due to increasing educated participates in market, market more likely efficient and difficult to beat in long-term. To get higher return from PMS, PMS shall beat Index fund more than (upfront commission on profit + base charges + LTCG tax) which is I think not much likely in many cases. This could reduce flow to PMS!