PMS Foundation
Portfolio Management Services (PMS) is the SEBI-regulated route through which High Net Worth Individuals access concentrated, professionally managed equity portfolios held in their own demat account. This foundation track covers the structure, the three PMS types, fee economics, and how to choose between PMS, mutual funds, and SIFs.
What is Portfolio Management Services (PMS)?
Portfolio Management Services (PMS) is a SEBI-regulated investment service in which a licensed Portfolio Manager constructs and manages a customised s...
Three Types of PMS — Discretionary, Non-Discretionary, Advisory
SEBI classifies Portfolio Management Services into three types based on the degree of decision-making authority delegated to the Portfolio Manager: Di...
PMS Fee Structures — Fixed, Variable, and Hurdle Rate
PMS fees in India typically combine three components: a fixed management fee (annual percentage of AUM), an optional performance fee (a share of retur...
PMS vs Mutual Funds vs AIF — Choosing the Right Structure
The structural choice between mutual funds, PMS, and AIF depends on the investor's ticket size, asset class focus, regulatory access, transparency pre...
Who Should Invest in a PMS
A PMS is suitable for investors who comfortably exceed the ₹50 lakh minimum, have a total liquid wealth of approximately ₹2 crore or more (so the PMS ...
Ready to start PMS Foundation?
Begin with the first topic and work through all 5 topics at your own pace.