Portfolio Management Services (PMS)
Portfolio Management Services give you a professionally managed portfolio of securities held directly in your own name, built and rebalanced around a specific investment strategy — rather than pooled with other investors, as in a mutual fund.
PMS offers a level of customisation and transparency that pooled structures can't match, since you can see exactly what you own at any time. It's best suited to investors with a higher investable surplus who want a more concentrated, actively managed approach.
Pick your fit
Types of PMS
Discretionary PMS
The portfolio manager takes all buy and sell decisions on your behalf, within an agreed strategy.
Suited for investors who want professional management without being involved in day-to-day calls.
Non-Discretionary PMS
The manager recommends trades, but every decision needs your explicit approval before execution.
Suited for investors who want expert input while retaining final say over every transaction.
Advisory PMS
The manager only advises on strategy and stock selection — you place and manage the trades yourself.
Suited for hands-on investors who want research and guidance but prefer to execute independently.
How they stack up
PMS vs Mutual Funds vs Direct Equity
| Factor | PMS | Mutual Funds | Direct Equity |
|---|---|---|---|
| Ownership | Direct ownership of individual securities in your name | Indirect — you hold units representing a share of a pooled fund | Direct ownership, fully self-managed |
| Customisation | High — portfolio built around your specific strategy and preferences | Low — same portfolio shared by all investors in the fund | Full control, but requires your own research and time |
| Minimum Investment | Typically higher, as mandated by regulation | Low — accessible with small, regular amounts | No fixed minimum, but effective diversification needs scale |
| Risk Level | Market-linked; often more concentrated than a mutual fund | Market-linked; diversified across many holdings | Market-linked; depends entirely on your own choices |
| Involvement Needed | Low to moderate — a manager handles the day-to-day | Low — fully managed by the fund | High — you make every decision yourself |
The bigger picture
What sets PMS apart
Direct
PMS gives you direct, individual ownership of portfolio holdings
Concentrated
Typically fewer, higher-conviction positions than a diversified mutual fund
Regulated
PMS providers in India operate under SEBI's PMS regulations
Tailored
Strategy can be shaped around your specific goals and risk appetite
Characteristics reflect how PMS is typically structured and regulated in India.
Why it matters
Built for investors who want more control
As your wealth grows, a pooled mutual fund structure can start to feel less tailored to your specific goals. PMS gives you a portfolio built around your own strategy, with full visibility into every holding.
For investors who've moved past the early wealth-building stage and want a more concentrated, actively managed approach, PMS offers a level of customisation that pooled vehicles simply can't provide.
Common questions
Frequently asked questions
In a mutual fund, your money is pooled with other investors' and you hold units of the fund. In PMS, securities are bought and held directly in your own account, giving you more transparency, customisation and direct ownership.
Getting started
How to start PMS through Prospire
Step 1
Consultation
Discuss your goals, investable surplus and comfort with a concentrated, actively managed approach.
Step 2
Strategy selection
We match you with a PMS strategy and manager suited to your risk profile.
Step 3
Onboarding & documentation
Complete KYC and account setup with the chosen PMS provider.
Step 4
Portfolio goes live
Your dedicated portfolio is built and actively tracked against its strategy.
Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.
Ready for a more tailored portfolio?
Talk to an expert about whether PMS fits your goals.
Start a conversation
Let’s make your next financial move a considered one.
Whether you’re investing for a goal or reviewing your existing portfolio, our team is ready to listen.
SCO 15, Near Hotel Candy, Sector 65 A, Mohali, Sahibzada Ajit Singh Nagar, Punjab 160062
Monday – Saturday, 9:30 AM – 6:30 PM