Managing clients money

[nithin]

@Prakhar_Agrawal

Recently I heard of Bangalore based company called minance which pools up the money from clients and uses that to trade options and takes 10 percent compensation without any limit of one crore which is there in AIF-3 funds.
How does it is legal then.

Hmm… I don’t think they are pooling funds, maybe double check with them. Pooling funds without either a PMS, AIF, or AMC license is illegal.