How is PMS different from a mutual fund?

In a mutual fund, your money is pooled with thousands of other investors in a single NAV-based structure. In PMS, your account is segregated — you own the actual shares, can see every transaction, and the manager can customise decisions for your tax situation. PMS also allows concentrated, high-conviction bets that mutual fund regulations restrict.

What are the tax implications of PMS?

Each trade in a PMS account is a taxable event in your hands (unlike a mutual fund where only redemption is taxed). Short-term gains (held under 1 year) are taxed at 20%, long-term gains above ₹1.25 lakhs annually at 12.5%. An experienced PMS manager will minimise short-term churn to optimise your post-tax returns.

Can I exit a PMS early?

Most PMS agreements allow exit with 30 days notice, though some have a minimum lock-in of 1 year. Exit before 1 year may also attract a higher performance fee threshold. We review exit provisions for every manager we recommend.

WEALTH MANAGEMENT

Portfolio Management Services

SEBI-regulated concentrated equity portfolios for investors seeking alpha — managed by top-quartile PMS managers with active oversight.

₹50L+

Minimum Investment

3–5 yrs

Recommended Horizon

Top Quartile

Manager Selection Standard

OVERVIEW

Professionally Managed, Personally Yours

Portfolio Management Services (PMS) are SEBI-regulated investment accounts where a professional fund manager takes discretionary control of your equity portfolio — making buy and sell decisions based on a defined investment mandate. Unlike mutual funds which pool investor money, each PMS client has a segregated account with their own securities held in their name. This enables genuine customisation: tax-loss harvesting, position-sizing for your specific circumstances, and mandate adjustments.

We partner exclusively with PMS managers in the top quartile of 5-year risk-adjusted returns, with a track record of at least 5 years and a clearly articulated investment philosophy. Before recommending any manager, we conduct due diligence covering drawdown history, portfolio concentration, manager tenure, and fee structure — including the impact of performance fees on net returns to investors.

The minimum investment is ₹50 lakhs as mandated by SEBI. This is appropriate for investors who have built a foundational portfolio of mutual funds and are seeking alpha — returns above the Nifty 50 benchmark — with a 3–5 year commitment horizon and the capacity to withstand short-term volatility.

WHAT'S INCLUDED

Key Features

Concentrated, High-Conviction Portfolios

PMS managers typically hold 15–25 stocks versus a mutual fund's 50–100, allowing stronger alpha generation when the thesis plays out. Higher concentration means higher volatility — appropriate for experienced investors.

Segregated Demat Account

Your securities are held in your own Demat account — not pooled with other investors. This enables tax optimisation, a clear audit trail, and full transparency on every holding.

Top-Quartile Manager Selection

We screen 100+ SEBI-registered PMS managers and shortlist those with consistent 5-year alpha, low drawdown relative to peers, and stable management teams.

Benchmark Monitoring

Performance is tracked on a rolling 1-, 3-, and 5-year basis against the relevant benchmark. We flag underperformance early and recommend manager switches when supported by data.

Transparent Fee Structure

PMS fees typically include a fixed management fee (1–2% p.a.) and a performance fee (10–20% above hurdle). We model the impact of both on your projected net returns before commitment.

Rebalancing & Tax Harvesting

Your dedicated manager and our oversight team work together on year-end tax-loss harvesting opportunities and portfolio rebalancing to maintain mandate alignment.

PARTNERS

OUR PROCESS

How We Work

A clear, structured approach from your first consultation to ongoing support.

Investor Suitability Assessment

We confirm your eligibility (₹50L+ investable capital), investment horizon, risk tolerance, and existing portfolio to determine if PMS is appropriate for your stage.

Manager Shortlisting

Based on your risk preference (growth, value, or blend), we shortlist 2–3 managers with complementary philosophies and present a comparative analysis of their track records.

Due Diligence & Mandate Review

We review the PMS agreement, fees, and mandate restrictions with you in detail before signing — ensuring you understand the performance fee waterfall and exit provisions.

Onboarding & Active Monitoring

Account opening, Demat setup, and fund transfer coordinated by our team. Post-onboarding, we provide quarterly performance reviews alongside the manager's reports.