Portfolio Management Services (PMS) is a SEBI-regulated investment service where a registered portfolio manager manages a customised investment portfolio on behalf of an investor, based on the investor's stated objectives and risk appetite.
Explore PMS as an alternative investment avenue and understand the structure, eligibility requirements and associated risks before making an investment decision.
Learn How PMS WorksPMS is an investment service, regulated by SEBI, in which a registered portfolio manager manages a customised portfolio of securities on behalf of an individual investor.
Unlike a mutual fund, where investors hold units in a pooled scheme, a PMS investor holds securities directly in their own demat account, and the portfolio is managed as per an agreed investment strategy and mandate. PMS is generally positioned for investors seeking a more customised, direct-equity oriented approach, and should be considered only after carefully assessing the associated risks, costs and one's own financial circumstances.
Consider PMS as part of a broader, diversified portfolio, while understanding the associated risks.
Portfolios are constructed based on the investor's stated objectives, time horizon and risk appetite.
Securities are held directly in the investor's own demat account, unlike a pooled mutual fund structure.
Portfolios are managed by a SEBI-registered portfolio manager as per the agreed mandate.
Investors receive periodic portfolio statements and performance reports as per SEBI norms.
The process is regulated and subject to the applicable terms of the portfolio management agreement.
Complete the onboarding, KYC and documentation requirements, including opening a demat account.
Review the available investment strategies and select one aligned to your objectives.
The portfolio manager constructs and manages the portfolio as per the agreed mandate.
Receive periodic statements and reports on the portfolio's holdings and performance.
PMS offerings are generally structured in one of the following ways.
The portfolio manager has full discretion to make investment decisions on behalf of the investor, within the agreed strategy and mandate.
The portfolio manager suggests investment ideas, but the final investment decision rests with the investor.
The portfolio manager only advises on investments; execution of the investment decision rests with the investor.
PMS is regulated by SEBI and is subject to a minimum investment threshold prescribed under applicable regulations.
Portfolio Management Services (PMS) are subject to market risks and there is no assurance or guarantee that the objectives of the portfolio will be achieved. Past performance of a portfolio manager or strategy is not indicative of future returns. The value of the portfolio may go up or down depending on market conditions, and investors may lose part or all of their invested capital. Please carefully read the Disclosure Document and portfolio management agreement, and consider your own financial circumstances and risk appetite, before making any investment decision.
Understand the eligibility requirements, strategy options and associated risks before making an investment decision.
Contact UsWe are an AMFI (Association of Mutual Funds in India) registered Mutual Fund Distributor vide ARN: 108192. We provide investment services to our clients incidental to our primary activity. You can check the list of all mutual funds where we are acting as a distributor – fund list .
We do not charge any advisory fees or transaction fees – directly or indirectly, because we earn commission from the funds which we distribute. You can check the commission disclosure sheet here: Commission Disclosure . Although we take our best attempt to ensure the suitability of the product being sold to you, the same may not always be in your best interest.
Portfolio Management Services are subject to market risks. Please read the Disclosure Document and portfolio management agreement carefully, and carefully review the applicable terms, conditions and associated risks before making any investment decision.