SMC Global Securities Limited

8️⃣ Performance Potential 🔷 ETF: No alpha. Tracks index. 🔷 Mutual Fund – Some Alpha possible (midcap/smallcap MFs) 🔷 PMS – High Alpha potential (high risk too) PMS performance heavily depends on the manager’s skill. It’s not a set-it-forget-it game

6️⃣ Taxation in India ✅ ETFs & Mutual Funds (Equity-based) → LTCG (>1 yr): 12.5% after ₹1.25 L → STCG (<1 yr): 20% → Debt Funds (post-2023): As per slab ✅ PMS → Taxation on investor’s books (like direct stocks) → Transparent, but you handle the tax filings.

✅ ETFs – Low-cost compounding ✅ Mutual Funds – Simplicity & SIP friendly ✅ PMS – Personalization & scale (for HNIs) If you found this thread helpful, retweet the first tweet and share it with your investor friends! 👉 Disclaimer: Investments in securities markets are subject

2️⃣ Minimum Investment Required 👉 ETF – Starts from ₹100-₹500 (price of 1 unit) 👉 Mutual Fund – As low as ₹100 via SIP 👉 PMS – Minimum ₹50 lakh (SEBI mandate) PMS is strictly for serious HNIs. Retail investors — look away

4️⃣ Costs & Charges 💸 → ETF – 0.05% – 0.2% (super low) → Mutual Fund – 0.5% – 2% → PMS – 2% fixed + 10–20% profit share Low fees don’t mean higher returns. But over 20 years, they do bite into your wealth

1️⃣ What exactly are these? → ETF (Exchange-Traded Fund) Trades like a stock on the exchange, tracking an index (like Nifty 50, Gold, etc.) → Mutual Fund Pooled money managed by a fund manager (Active or Passive) → PMS (Portfolio Management Services) Personalized portfolio,

7️⃣ Ownership & Control ➡️ ETF & Mutual Fund – You own units of a trust ➡️ PMS – You own stocks directly in your demat PMS gives you more transparency & flexibility — but also more responsibility.

5️⃣ Liquidity & Access 🔸 ETF – Can buy/sell anytime during market hours 🔸 Mutual Fund – End-of-day NAV redemption only 🔸 PMS – Low liquidity; exit might take weeks or have lock-ins ETF wins here. PMS is the least flexible.

3️⃣ Active vs Passive 🔄 🔷 ETF – Mostly Passive (tracks indices) 🔷 Mutual Fund – Both Active & Passive available 🔷 PMS – Mostly Active, personalized strategies ETFs let you ride the market. PMS lets you bet on a jockey (the manager).