Access SEBI-registered PMS providers through Vikash Royal. Minimum ₹50 Lakh investment. Tailored strategies for high-net-worth investors.
Portfolio Management Service is a professional investment service offered by SEBI-registered portfolio managers where your money is managed individually — not pooled with other investors like in mutual funds. A dedicated fund manager creates a customized equity portfolio based on your financial goals, risk appetite, and investment horizon.
Unlike mutual funds where thousands of investors share the same portfolio, PMS gives you a separate demat account with individual stock holdings in your name. You can see exactly which stocks you own, when they were bought, and at what price. This level of transparency and customization is what makes PMS attractive for serious investors.
| Feature | Mutual Fund | PMS |
|---|---|---|
| Minimum Investment | ₹500 (SIP) | ₹50 Lakh |
| Portfolio Type | Pooled (shared) | Individual (your own demat) |
| Customization | None | Full customization |
| Number of Stocks | 40-80 stocks | 15-25 concentrated |
| Tax Efficiency | Limited | High (individual tax harvesting) |
| Fee Structure | Expense ratio (1-2%) | Fixed + Profit sharing |
| Regulation | SEBI (Mutual Fund) | SEBI (PMS) |
Discretionary PMS: The portfolio manager has full authority to buy and sell stocks on your behalf without seeking approval for each trade. This is the most common type and allows the manager to act quickly on market opportunities. You receive regular reports showing all transactions and portfolio performance.
Non-Discretionary PMS: The portfolio manager suggests trade ideas, but you approve each buy or sell decision. This gives you more control but can slow down execution. Suitable for investors who want professional research but prefer to make their own final decisions.
Advisory PMS: The portfolio manager only provides research and recommendations. You execute all trades yourself through your own broker. Lowest cost option but requires active involvement from your side.
Large Cap Quality: Concentrated portfolio of 15-20 high-quality large-cap companies with strong fundamentals, consistent earnings growth, and market leadership. Lower volatility, targeting 14-18% CAGR over long term. Suitable for conservative HNIs seeking stable wealth creation.
Multi-Cap Growth: Diversified across large, mid, and small caps with a growth bias. Portfolio managers actively shift allocation based on market valuations and sector cycles. Targeting 16-22% CAGR with moderate-to-high volatility. Most popular PMS strategy.
Small & Mid Cap: Aggressive strategy focused on emerging companies with high growth potential. Higher volatility but potentially 20-30%+ CAGR in good cycles. Requires minimum 5-7 year horizon and high risk tolerance.
Momentum/Quant: Algorithm-driven strategies that select stocks based on price momentum, technical factors, and quantitative models. These strategies have gained popularity in recent years for their systematic, emotion-free approach to stock selection.
Value Investing: Buying fundamentally strong companies trading below their intrinsic value. Patient, long-term approach inspired by Warren Buffett's philosophy. Lower turnover, lower costs, but requires patience through underperformance periods.
As an AMFI registered distributor with NISM certifications in equity derivatives, I help you navigate the PMS landscape by providing unbiased guidance on which PMS provider and strategy best suits your profile. My engineering analytical background allows me to evaluate PMS track records rigorously — not just headline returns, but risk-adjusted returns, drawdowns, consistency, and fee structures.
My role includes:
✓ Evaluating your suitability for PMS (not everyone needs PMS — for many investors, mutual funds are better and more cost-effective)
✓ Shortlisting 3-4 PMS providers based on your risk profile, return expectations, and investment style preference
✓ Comparing fee structures (fixed fee vs profit-sharing vs hybrid) and explaining the true cost impact on your returns
✓ Facilitating account opening and documentation
✓ Ongoing monitoring and periodic review of your PMS performance vs benchmarks
✓ Recommending exit or switch if the PMS consistently underperforms
Ideal for: Investors with ₹50 Lakh or more in investable surplus (beyond emergency fund, insurance, and real estate), who have been investing in equity for 5+ years, who want concentrated high-conviction portfolios, who value individual stock ownership and transparency, and who understand that PMS can underperform in certain market phases.
Not suitable for: First-time investors, those with less than ₹50 Lakh to invest, investors who need liquidity within 1-2 years, or those who cannot tolerate 20-30% drawdowns during market corrections. For these investors, mutual fund SIPs are a far better and more cost-effective option.
Fixed Fee Model: You pay 1.5-2.5% of your portfolio value annually regardless of performance. Simple and predictable but you pay even if the manager underperforms.
Profit Sharing Model: No fixed fee, but the manager takes 15-25% of profits above a hurdle rate (usually 8-10%). You only pay when you make money, which aligns the manager's interests with yours.
Hybrid Model: Lower fixed fee (0.5-1%) plus reduced profit sharing (10-15%). Balances cost predictability with performance alignment. This is increasingly becoming the industry standard.
I help you compare the effective cost across fee models based on expected returns. In many cases, the fee structure choice can make a 1-2% annual difference in your net returns — which compounds to a significant amount over 10+ years.
Not necessarily. PMS offers more customization and concentrated portfolios, but it comes with higher fees, higher minimum investment, and more complexity. Many top mutual funds have outperformed average PMS providers after fees. PMS makes sense only when you have ₹50 Lakh+ and want strategies that mutual funds cannot offer (like concentrated portfolios or tax-loss harvesting at individual stock level).
Yes, most PMS providers allow withdrawal with 1-2 weeks notice. However, there may be exit loads if you withdraw within the first 1-2 years. Also, since PMS holds individual stocks, exits may have tax implications that need to be managed carefully.
PMS providers send monthly performance reports. Since stocks are held in your own demat account, you can also track holdings in real-time through your broker's app or the CDSL/NSDL website. I also do quarterly reviews of your PMS performance and provide my independent assessment.
Yes, all PMS providers must be registered with SEBI and comply with PMS regulations including minimum net worth requirements, disclosure norms, and periodic reporting. SEBI has also mandated that PMS providers report standardized performance data, making it easier to compare providers.
Talk to Vikash Royal for unbiased PMS guidance. Free assessment. Minimum investment: ₹50 Lakh.
Pocket Wealth Investments | ARN-356458 | PMS investments involve market risk. Minimum investment ₹50 Lakh. Past performance is not indicative of future results. Vikash Royal facilitates PMS access — portfolio is managed by the SEBI-registered PMS provider.