What is a portfolio management service in India?

A portfolio management service (PMS) is an investment service in India that helps wealthy individuals manage their investments. PMS providers manage the investment portfolios of high-net-worth individuals (HNIs) with the aim of achieving superior returns. They create personalized investment strategies that fit the needs and risk preferences of the individual clients.

PMS providers must obtain a license from SEBI to offer their services, and they offer regular reports and updates on the performance of the portfolio. PMS is only suitable for individuals who have a high risk tolerance and can afford to invest a significant amount of money.