PMS Services
Portfolio Management Service is a tailor-made professional service offered to cater the investments objective of different investor classes. The Investment solutions provided by PMS cater to a niche segment of clients. The clients can be Individuals or Institutions entities with high net worth. In simple words, a portfolio management service provides professional management of your investments to create wealth.
PMS similar to a mutual fund?
The biggest similarly between PMS (discretionary) and mutual funds is that the manager handles the money on the behalf of the clients. But, the key difference is that investors in MF get units that represent stocks. In a PMS, the investor holds the stock in a demat account owned by him, but the fund manager has the power of attorney to operate it.
Is there a minimum investment amount for PMS?
Investors need to bring in atleast Rs 50 lakh to invest in a PMS. Alternatively, they can give shares worth Rs 50 lakhs to the fund manager.