PMS (Portfolio Management Service
In India, you can invest in equities through Mutual Funds (MF) or Portfolio Management Service (PMS). Through PMS and MF, even though you invest in similar stocks, the implementation and management (of these two schemes) are different, and so are their portfolio construction strategies. It’s a customized investment avenue for High Net Worth and Ultra High Net Worth clients. PMS are similar to Mutual Funds with a higher degree of customization. While the cost involved in investing in a PMS is comparatively higher, the benefits of PMS are numerous.