Morningstar starts portfolio management service in India

Mumbai: Morningstar Investment Adviser India on Tuesday announced launch of a discretionary portfolio management service for investors.

Morningstar Managed Portfolios offers domestic financial advisers a holistic investing solution to help clients meet their financial goals through a complete portfolio management service.

Morningstar Investment Adviser, a subsidiary of independent investment research provider Nasdaq-listed Morningstar Inc, offer four risks-aligned multi-asset portfolios build with mutual funds, including balanced, growth, aggressive and aggressive plus portfolios.

"With a variety of risk-tolerance profiles, our managed portfolios reflect our valuation-driven asset allocation and investment selection expertise. We leverage Morningstar's depth of resources, research and investment expertise to build investment strategies designed to deliver great outcomes for investors," said Dhaval Kapadia, Director, Morningstar Investment Adviser India.

The Active range of Managed Portfolios will follow a multi-asset investment strategy by investing in asset classes such as domestic equity, fixed income, cash, international equity and gold which will be based on Morningstar's valuation-driven asset allocation approach.

The investment universe of portfolio will include direct plans of actively managed mutual funds and/or passively managed mutual funds domiciled in India. The firm aims to raise Rs 1,000 crore AUM over the next two-three years.