Bespoke, professional portfolio management tailored for high-net-worth individuals seeking specialized alpha generation and direct asset ownership.
A Portfolio Management Service is a professional investment vehicle where SEBI-registered portfolio managers build and manage a customized basket of stocks, bonds, or other securities on behalf of the client.
Unlike mutual funds where investors own pooled units, PMS clients hold direct ownership of the underlying stocks/securities in their individual Demat accounts, ensuring complete transparency and corporate action rights.
As per SEBI regulations, the minimum investment amount required to enter a traditional Portfolio Management Service (PMS) is ₹50 Lakhs. This threshold is designed to suit high-net-worth individuals (HNIs) with higher risk-taking capacity and long-term capital horizons.
The portfolio manager independently evaluates market conditions and executes buy/sell decisions on behalf of the client within the agreed investment mandate and risk profile.
The portfolio manager provides research, recommendations, and ideas, but trades or asset reallocation are executed only after receiving explicit instructions and approval from the client.
Strategies range from high-conviction concentrated small-cap/mid-cap equity growth strategies to balanced debt portfolios and multi-asset dynamic allocation models.
PMS portfolios typically hold a focused basket of 15 to 25 stocks. While this allows for high alpha potential, it also exposes the portfolio to higher short-term volatility and concentration risk compared to diversified mutual funds.
| Feature | Portfolio Management Services (PMS) | Mutual Funds |
|---|---|---|
| Minimum Investment | ₹50 Lakhs (SEBI Mandated) | Starts from ₹500 - ₹1,000 (Accessible to retail investors) |
| Asset Ownership | Direct ownership of individual securities in your Demat account. | Indirect ownership via pooled units of the fund trust. |
| Customization | High degree of portfolio tailoring to match specific client needs. | Standardized scheme portfolios adhering to predefined mandates. |
| Portfolio Concentration | Focused baskets (15–25 stocks) aimed at targeted alpha. | Broadly diversified across 40–80+ stocks for risk mitigation. |
Connect with our expert advisors to evaluate if PMS aligns with your high-net-worth portfolio goals.
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