I was thinking of a way to provide investment management services to people, but this space is already crowded with brokers, banks, funds and financial institutions.
Individuals and large corporations are served by these intermediaries, but there are two issues or gaps
– There are no customized offerings to suit startups or small/medium enterprises which have surplus cash to invest. If it exists the costs are high and the products may not suit wealth creation/growth.
– HNIs in India as well as NRIs need reliable advice from an adviser (not a sales agent of a bank/company) to manage their investment and work as per their mandate/objectives.
Any ideas or suggestions on how to go about getting prospective customers or pitching these services to startups or medium sized companies.
After looking at the legal requirements (prescribed by SEBI) for setting up PMS I found that it requires a net worth of Rs.2 crore in addition to application/registration fees which add up to Rs.11 lakh. The initial capital seems to be very high.
Can someone suggest any alternative structure or format (other than PMS) requiring lesser capital and costs?