Has any one tried Portfolio Management Services in India? If so, what are the best PMS schemes, or the companies that offer the best PMS services? What are charges they collect for this service?

The objective of a PMS is to generate higher returns by investment in stocks with custom strategies. Some of the good PMS schemes have

1. A clearly established investment philosophy.
2. A fee structure that is linked to performance. You will have a fixed fee or a variable component, or a hybrid model that mixes both.
3. Fund manager with a strong performance track record.

Another option is to go for a Portfolio Advisory Service. How is an Advisory different?

1. All the benefits of a high quality investment advisory which is offered by a SEBI Registered advisor. The added benefit is that your money and stocks remain in your demat account under your control.
2. You get transparent service without any lockin or exit loads.
3. The fees are capped to a max of 2.5% per annum without any performance fees.

Jama Wealth offers both a PMS and has an associate company which offers Equity investment advisory.