Portfolio Management Services (PMS)

PMS is a tailored investment solution where a professional portfolio manager constructs and manages your investments across equity, debt, or structured products based on your financial profile and goals.

As per SEBI regulations, the minimum investment amount for PMS is ₹50 lakhs, which can be contributed through cash or a transfer of existing securities.

PMS offers a customized portfolio in your name, complete transparency, and higher control. In contrast, mutual funds are pooled vehicles with standardized portfolios. PMS is typically suited for larger investors seeking personalized strategies.

PMS strategies include large-cap, mid/small-cap, multicap, value, growth, momentum, sectoral, or thematic portfolios. Some use discretionary management while others follow model-based or quantitative approaches.

PMS is ideal for High Net Worth Individuals (HNIs), corporates, trusts, and NRIs who want a tailored investment portfolio, direct ownership, and a long-term strategic approach.

Yes. PMS providers must be registered with SEBI and comply with its strict norms on transparency, disclosures, auditing, and minimum capital requirements.

Since the portfolio is held in your name, you’re taxed directly on capital gains: 20% for short-term and 12.5% for long-term equity gains above ₹1.25 lakh. Dividends are also taxed at your applicable income tax slab.

While PMS is open-ended with no statutory lock-in, some strategies recommend a 3–5 year holding period for optimal results. Exit loads may apply if you withdraw early.

PMS fees vary by manager. Common models include a fixed management fee (1%–2.5% annually) or a performance-based fee over a hurdle rate. Other costs include brokerage, custodian fees, and taxes.

Most PMS providers offer detailed quarterly reports and online dashboards showing your holdings, transactions, NAV, IRR, and comparison against benchmarks.

Yes. PMS accounts can be opened in joint names or in the name of companies, trusts, and NRIs (with PIS-compliant accounts), provided proper documentation is submitted.

Typically required: PAN, Aadhaar/passport, income proof, cancelled cheque, demat account, and a signed PMS agreement. Wealth North assists with onboarding and KYC.

There is no mandatory lock-in, but some managers apply an exit load if you withdraw within 1–3 years. A medium- to long-term horizon is generally advised.

Yes, in discretionary PMS, you can set preferences like excluding specific sectors or aligning investments with ESG or Shariah guidelines. Non-discretionary PMS offers even more control.

PMS is best suited for long-term investors with a horizon of 3 to 5 years or more, allowing managers to navigate market cycles and optimize performance.