What is it?
PMS is a SEBI-regulated service where a professional portfolio manager manages a customised portfolio of securities held directly in your name. Minimum investment is ₹50 lakh as per SEBI.
Key Features
- Discretionary and non-discretionary options
- Securities held in your demat
- Concentrated, conviction-led portfolios
- Detailed reporting
Potential Benefits
- Personalised strategy
- Direct access to experienced managers
- Transparency of holdings
Risks
- Concentration risk
- Higher fees, including possible performance fees
- Market volatility
Who May Consider It?
- HNIs with ₹50 lakh+ investable surplus
- Long-term investors seeking customisation
Frequently asked questions
1. What is the minimum for PMS?
SEBI mandates a minimum of ₹50 lakh.
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