PMS

Portfolio Management Services are customized investment solutions designed mainly for HNIs.

Portfolio Management Services (PMS) are SEBI-regulated, customized investment solutions designed mainly for high-net-worth individuals (HNIs) in India, offering direct ownership of securities, personalized strategies, and active professional management. They require a minimum investment of ₹50 lakh and provide greater transparency and flexibility compared to mutual funds.

Professional managers who are SEBI registered trade in securities on behalf of the client and all trading takes place in the client’s demat account.

Different Types of PMS

Discretionary: Manager makes all investment decisions.
Non-Discretionary: Manager advises, but investor approves trades.
Advisory: Manager only provides recommendations.

PMS is quite transparent as the investor has full visibility of holdings, trades, and costs in real time. Unlike AIFs, PMS does not have any lock in period. PMS can be fully customised as per clients risk appetite, goals and investment horizon.

Transparency & Costs

PMS involves costs such as management charges, brokerage, custodian, demat, and performance-linked fees.

Typically, investors pay a mix of fixed annual charges (0.25%–2.5% of AUM), performance-linked fees (10%–20% of profits above a hurdle rate), and operational expenses like brokerage, custodian, and exit loads.

Customization

Strategies are tailored to your specific risk tolerance, financial goals, and timelines, with no rigid lock-in periods unlike AIFs.

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