All you need to know about Portfolio Management Services

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All you need to know about Portfolio Management Services

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All you need to know about Portfolio Management Services

PMS (Portfolio Management Services) is used by high net worth investors to invest in stocks. While there are products that also bet on fixed income instruments.

PMS(Portfolio Management Services) is used by high net worthinvestorsto invest in stocks. While there are products that also bet on fixed income instruments, most are equity-linked.

It is offered by brokerages andmutual fundsregistered with Sebi. There are two types of PMS: Discretionary and Non Discretionary. In discretionary, thefund managertakes investment decisions on behalf of the investor. In non-discretionary, the fund manager suggests investment ideas, while the decision is taken by the client.

The biggest similarly between PMS (discretionary) and mutual funds is that the manager handles the money on the behalf of the clients. But, the key difference is that investors in MF get units that represent stocks. In a PMS, the investor holds the stock in a demat account owned by him, but the fund manager has the power of attorney to operate it.

3. Is there a minimum investment amount for PMS?

Investors need to bring in atleast Rs 25 lakh to invest in a PMS. Alternatively, they can give shares worth Rs 25 lakhs to the fund manager.

4. What is the structure of a PMS scheme? How does an investor monitor them?

When you opt for a PMS scheme, a bank account and demat account are separately opened in the your name and all investments are made in your name only. Acordingly, any income or dividend coming out of the investment made will also be credited in your bank account and the shares will be held in the demat account in your name.

As per the PMS agreement, the Power of Attoreny for operating the bank and demat account will be with the portfolio manager. Most portfolio managers give a username and password which can be used to login into their website and see the portfolio statements. As permarketregulator Sebis instructions, a portfolio manager is required to furnish performance report to their clients every 6 months.

(%)Mirae Asset Tax Saver Direct-G1.3010.3711.5713.8023.28Invest NowMirae Asset Tax Saver Reg-G1.139.8510.5612.1321.61Invest NowMotilal Oswal Long Term Equity Fund Direct-Growth

ELSS1.278.547.82-1.2417.96Invest NowFeatured

ELSS2.0412.2613.0410.4617.04Start SIPMotilal Oswal Focused 25 Fund Direct-Growth

Large Cap1.7710.7710.155.7615.66Invest NowDHFL Pramerica Gilt Direct Plan – Growth

Gilt1.913.406.2810.177.72Invest NowDSP Midcap Direct Plan-Growth

Mid Cap-0.258.497.510.0415.23Start SIPDHFL Pramerica Hybrid Debt Fund Direct Plan-Growth

Conservative Hybrid0.924.136.4810.029.57Invest NowDSP Focus Direct Plan-Growth

Multi Cap2.9013.0512.379.0913.38Start SIPMotilal Oswal Multicap 35 Fund Direct-Growth

Multi Cap1.948.969.211.7416.88Invest NowMotilal Oswal Midcap 30 Fund Direct-Growth

Mid Cap-0.679.478.081.359.44Invest NowDHFL Pramerica Large Cap Fund Direct Plan-Growth

Large Cap2.2910.7913.4311.6914.37Invest NowDSP Small Cap Direct Plan-Growth

Small Cap0.7211.695.22-9.209.44Start SIPDSP Equity Opportunities Direct Plan-Growth

Large & MidCap1.3510.3110.345.9816.75Start SIPDSP Credit Risk Direct Plan-Growth

Credit Risk0.181.81-0.37-0.494.98Start SIPMotilal Oswal Long Term Equity Fund Direct-Growth

ELSS1.278.547.82-1.2417.96Invest NowDSP Tax Saver Direct Plan-Growth

ELSS2.0412.2613.0410.4617.04Start SIPDSP Liquidity Direct-Growth

Liquid0.581.793.717.627.20Start SIPICICI Prudential Savings Fund Direct Plan -Growth

Low Duration0.812.314.518.667.93Invest NowDSP Savings Direct Plan-Growth

Money Market0.842.204.268.607.00Start SIPDSP Strategic Bond Direct Plan-Growth

Dynamic Bond0.151.834.779.206.88Start SIPDSP 10Y G-Sec Fund Direct-Growth

Gilt with 10 year Constant Duration1.883.285.8210.947.42Start SIPDSP Bond Direct-Growth

Medium Duration1.022.804.006.577.60Start SIPDSP Short Term Direct Plan-Growth

Short Duration1.132.555.029.247.68Start SIPDSP Ultra Short Fund Direct Plan-Growth

Ultra Short Duration0.712.063.146.476.99Start SIPDSP Equity Savings Fund Direct-Growth

Equity Savings1.236.286.555.969.55Start SIPDSP Dynamic Asset Allocation Fund Direct-Growth

Dynamic Asset Allocation0.763.165.188.449.82Start SIPDSP Regular Savings Direct Plan-Growth

Conservative Hybrid1.004.993.651.417.29Start SIPDSP Equity & Bond Direct-Growth

Aggressive Hybrid1.389.6910.577.3013.88Start SIP

– Returns less then 1 year are absolute and above 1 year are annualised.

– Returns of 1 year are absolute and above 1 year are annualised..

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