Portfolio Management Service is the financial service in which a designated portfolio manager selects multiple entities of an asset class and creates a readymade investment portfolio. These asset classes can be shares, bonds, mutual funds, structured products or other investment products. In India, they mostly comprise of shares or equity.
This portfolio is created strategically to outperform its benchmark indices. In a PMS, the investor is directly invested in the underlying assets which form part of the portfolio, instead of purchasing a unit of the offered portfolio, unlike a mutual fund.
The minimum investment for an Indian investor to avail this service is INR 50,00,000. Hence, it caters to the needs of Higher Net-worth Individuals (HNI).
In India, PMS services are offered on a discretionary basis. This means, both, the choice and timing of the securities held in the portfolio are at the sole discretion of the portfolio manager.
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