Portfolio Management Services

Portfolio Management Services is a professionally managed equity portfolio run for you individually. Stocks are held directly in your own demat account, and a SEBI-registered portfolio manager builds and rebalances a concentrated, high-conviction portfolio on your behalf.

SEBI mandates a minimum of ₹50 lakh. There is no upper limit.

Because you own the shares directly, each sale by the manager is a capital-gains event in your hands — short-term or long-term depending on the holding period. This differs from a mutual fund, where tax arises only when you redeem.

No regulatory lock-in. You can exit, though some managers apply an exit load in the early years and the strategy itself needs three to five years to play out.

A mutual fund pools your money with thousands of others and you own units. In a PMS you own the actual shares, the portfolio is far more concentrated, the minimum is ₹50 lakh, and the tax treatment is different.

Yes, through NRE or NRO accounts under the Portfolio Investment Scheme route. There is additional documentation and compliance involved, which we handle.

In a discretionary mandate: researches and selects the stocks, decides position sizes, executes the trades, rebalances as the thesis changes, and reports to you. You retain ownership of every share; they retain the decisions.

Either a flat fee of roughly 1.5–2.5% a year, or a lower fixed fee plus a performance share above a hurdle. A performance fee only aligns the manager with you if the hurdle is honest — we compare the fee model, not just the headline rate.

Yes, at all times. The shares sit in your own demat account, so you can see every position and every trade the manager makes. That transparency is one of the real advantages over a mutual fund.

Usually yes, provided the balance stays above the ₹50 lakh regulatory minimum. Partial withdrawals mean selling stock, so they trigger capital gains — we time them with that in mind.

No, and SEBI prohibits any manager from promising them. Historical strategy returns tell you how a manager did in one particular market, not what you will get. A concentrated portfolio can and will underperform for stretches.

Three to five years at minimum. A concentrated, high-conviction portfolio needs a full market cycle for the thesis to play out, and exiting after one bad year converts a paper drawdown into a permanent loss.