Portfolio management services (PMS) business grew 118 per cent year-on-year to Rs 5.14 lakh crore say SEBI data.
However, it lost nearly one per cent of its total clients who availed themselves of PMS last year.
The average value of a client's portfolio grew 120 per cent to Rs 6.3 crore (Rs. 2.9 crore) in April 2012.
The worst hit in terms of number of clients over the last 12 months was the discretionary PMS business.
The business lost nearly 4,800 clients or seven per cent to 64,688 in April. However, its portfolio value increased 207 per cent to Rs 4.26 lakh crore.
The average value of the client's portfolio increased 230 per cent to Rs 6.6 crore.
The discretionary portfolio manager individually and independently manages the funds of each client according to his needs.
Number of non-discretionary PMS clients increased 42 per cent to 5,954 and the portfolio value rose 85 per cent to Rs 18, 859 crore.
The ticket size increased 30 per cent to Rs 3.2 crore.
The non-discretionary portfolio manager manages the funds according to client's instructions.
The PMS advisory business lost 21 per cent portfolio value in one year to Rs 69,249 crore.
Client additions rose 28 per cent to 10,830. Hence the ticket size/ client went down to Rs 6.4 crore, down 38 per cent.
In the portfolio advisory business, the advisor advises a client on his portfolio, but the decision to heed rests with the client. The advisor receives a mutually agreed fee in return for his advice.