Portfolio Management Services (PMS)

PMS is a type of wealth management service that offers a range of specialized investment strategies to benefit from the opportunities in the market
PMS is a professional service where experienced portfolio managers manage equity portfolios on behalf of clients
Brokers provide equity research, advisory services and an operational platform; this usually needs the investors' involvement in investment discretion as well as operational aspects
On the other hand, professionally managed portfolios make the portfolio manager answerable to the investor
PMS Funds are managed for a fee and various services including, research, investing, operations, etc. are available to the investor.
Mutual Funds have investment thresholds as low as `500/- or `1,000/- while for PMS, regulation requires that such services be offered only to investors bringing in a minimum of ` 25 lakhs by way of stocks or cash

There are two types of portfolio management services (PMS)

In discretionary portfolio management, the portfolio manager independently manages the funds of each client.

But in non-discretionary portfolio management, the portfolio manager manages the funds in accordance with the directions of the client.