FAMS Group exits JV offering PMS; massive restructuring undertaken

Jan. 2, 2011 - PRLog -- Mumbai, Maharashtra, January 2, 2011 -- FAMS Group recently underwent a massive restructuring exercise. Its PMS business which it offered in a JV with Paterson Securities of Chennai has been axed from the business activities of FAMS Group. The JV was ended mutually for brighter future of both parties involved.

Also the top management of FAMS Advisors Pvt Ltd was regiged. Mr. Yogesh Chabria of Happionarie™ fame has left the company as of begining of December 2010. He too will pursue his personal ambitions after helping FAMS Advisors Pvt Ltd for a brief stint.

Mr. Mubin Panjwani will remain the CMD of FAMS Advisors Pvt Ltd for now and will still head the Research. A further round of restructuring in the business activities will soon take place enhancing the future and growth of FAMS Advisors Pvt Ltd.

The new management has decided to be more aggressive and enter the new year with aggression. The equity research product - FAMS Titanium Research which was priced at Rs. 29,999/- for individuals for a year was previously offered with discount of 50% at Rs. 14,999/-. The new management has decided to offer a further aggressively price its product at Rs. 6,000/- for a year for individuals. Also now individuals will be charged on pro rata basis (contact for more information)

The equity research product - FAMS Titanium Research pricing for corporates was different. The new management has decided to slash the rates for corporate entities as well to make available the research to the SME sector as well.

When asked about the future outlook about our stock markets, Mr. Mubin Panjwani, Head of Research, FAMS Advisors Pvt Ltd, replied in skepticism. He says, "Europe is in danger. It is working hard to protect its unique currency. China has offered help but will definitely get something in return. It will probably vie for more IT outsourcing (competing with India) and look to boost its exports to the European Union. The US on the other hand looks that it has recovered somewhat. Recently it was published that most of US top banks have paid back part of the tax payer’s money. This signifies some sort of stability. The bonuses also would be much lower than before on Wall Street. This shows signs of discipline emerging. Higher commodity prices will hit the emerging markets and mostly to India who depends very heavily on crude imports which constitute 70% of India's Import bill." In spite of this skepticism, he says "Even through this volatile market, we see lot of value emerging. New sectors and new stocks, small cap and mid caps, which have huge growth potential are being targeted by us."

Highly tempted by hearing this I asked him to share a few stock or sectors which he is bullish on. He replied by giving a small smile and joked, "I hope the research team would let me know too."

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Financial Assets Managed Simply™ (FAMS™) is a fast growing financial services company established on the basis of trust and wealth creation for all, offering asset management and research services to help maximize returns from the stock market and minimize risks. It is jointly headed by value based intutive investor Mubin Panjwani who has been value investor since the past 7 years.