How Portfolio Management Services (PMS) works
Unlike a pooled mutual fund, a PMS portfolio is generally held in the client's own account and can differ by client. Minimum investment, fee structures, tax reporting and concentration may be materially different from mutual funds.
An example
Two PMS clients entering on different dates can hold different weights or purchase prices even under the same strategy.
Why it matters for your family
Families should compare net-of-fee performance, drawdowns, taxes, liquidity and concentration with simpler alternatives, not only the manager's headline return.
Questions people ask
- What does Portfolio Management Services (PMS) mean?
- Portfolio Management Services manage a client's securities portfolio under a discretionary, non-discretionary or advisory mandate.
- Why does Portfolio Management Services (PMS) matter for a family?
- Families should compare net-of-fee performance, drawdowns, taxes, liquidity and concentration with simpler alternatives, not only the manager's headline return.
- Where can I verify information about Portfolio Management Services (PMS)?
- Start with SEBI Investor, linked on this page, and the current official document for the product or tax year involved.