Portfolio Management Services (PMS)

PMS is a professional investment service where experienced portfolio managers create and manage a customised portfolio of securities on behalf of high‑net‑worth individuals and institutions.

• Minimum investment typically ₹25 Lakh to ₹50 Lakh (SEBI regulation).
• Direct ownership of securities – each client has a demat account holding the portfolio.
• Discretionary (manager takes decisions) or non‑discretionary (client approves) models available.

PMS is designed for investors who have significant capital and seek a personalised, transparent, and actively managed investment experience.

• High‑net‑worth individuals (HNIs) and ultra‑HNIs.
• Family offices and institutional investors.
• Investors who want customised strategies, direct ownership, and higher control over tax outcomes.

While PMS offers significant upside, it also carries market and other risks. Our approach is designed to manage these proactively.

• Market risk – mitigated through diversification across sectors, market caps, and asset classes.
• Concentration risk – active rebalancing ensures no single stock or sector dominates the portfolio.
• Liquidity risk – our portfolios maintain adequate exposure to liquid securities to meet any unexpected withdrawal requests.

Since PMS holds securities directly in your demat account, all capital gains and income are taxed in your hands, offering greater tax planning flexibility.

• Equity holdings – LTCG (≥1 year) taxed at 10% above ₹1 Lakh; STCG taxed at 15%.
• Debt holdings – LTCG (≥3 years) taxed at 20% with indexation; STCG as per income slab.
• Our managers actively employ tax‑harvesting strategies to minimise your overall tax liability.

Starting your PMS journey is straightforward – we guide you through every step from initial consultation to portfolio launch.

• In‑depth consultation to understand your goals, risk profile, and investment preferences.
• Proposal of a customised investment strategy and mandate.
• Onboarding, demat account setup, and initial portfolio deployment.
• Ongoing monitoring, reporting, and regular portfolio reviews with your relationship manager.

While both are professional investment vehicles, PMS and mutual funds cater to different investor needs and preferences.

• Ownership – PMS: Direct ownership of securities in your demat account. Mutual Funds: Pooled ownership through units.
• Customisation – PMS: Fully customised to your needs. Mutual Funds: Standardised product with no customisation.
• Minimum Investment – PMS: ₹25 Lakh–₹50 Lakh+. Mutual Funds: ₹500–₹5,000.
• Transparency – PMS: Full portfolio visibility and reporting. Mutual Funds: Disclosure of top holdings only.