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Motilal Oswal - Founders

Motilal Oswal

Founders
Multi cap & Flexi Cap
PMS Scheme
ICICI Prudential - PIPE Strategy

ICICI Prudential

PIPE Strategy
Small & Mid Cap
PMS Scheme
Motilal Oswal - Mid to Mega Strategy

Motilal Oswal

Mid to Mega Strategy
Small & Mid Cap
PMS Scheme
Buoyant - Opportunities Strategy

Buoyant

Opportunities Strategy
Flexi Cap
PMS Scheme
Motilal Oswal - India Growth Strategy

Motilal Oswal

India Growth Strategy
Multi cap & Flexi Cap
PMS Scheme
ICICI Prudential - Contra Strategy

ICICI Prudential

Contra Strategy
Multi cap
PMS Scheme
Motilal Oswal - Value Migration

Motilal Oswal

Value Migration
Multi cap & Flexi Cap
PMS Scheme
Aditya Birla - Core Equity Portfolio

Aditya Birla

Core Equity Portfolio
Multi cap & Flexi Cap
PMS Scheme
ASK Investment - ASK Growth Portfolio

ASK Investment

ASK Growth Portfolio
Multi cap & Flexi Cap
PMS Scheme
Aditya Birla - Innovation Portfolio

Aditya Birla

Innovation Portfolio
Multi cap & Flexi Cap
PMS Scheme
Aditya Birla - Select Sector Portfolio

Aditya Birla

Select Sector Portfolio
Small & Mid Cap
PMS Scheme
ICICI Prudential - Large Cap Strategy

ICICI Prudential

Large Cap Strategy
Large Cap
PMS Scheme
Aditya Birla - Special Opportunities Portfolio

Aditya Birla

Special Opportunities Portfolio
Multi cap & Flexi Cap
PMS Scheme
Motilal Oswal - Multifactor Equity

Motilal Oswal

Multifactor Equity
Multi cap & Flexi Cap
PMS Scheme
ICICI Prudential - ACE Strategy

ICICI Prudential

ACE Strategy
Multi cap & Flexi Cap
PMS Scheme
Motilal Oswal - NTDOP

Motilal Oswal

NTDOP
Multi cap & Flexi Cap
PMS Scheme
ASK Investment - ASK Strategic Portfolio

ASK Investment

ASK Strategic Portfolio
MID cap
PMS Scheme
ICICI Prudential - Value Strategy

ICICI Prudential

Value Strategy
Multi cap
PMS Scheme
Aditya Birla - Top 200 Core Equity Portfolio

Aditya Birla

Top 200 Core Equity Portfolio
Large Cap
PMS Scheme
Motilal Oswal - Ethical Strategy

Motilal Oswal

Ethical Strategy
Multi cap & Flexi Cap
PMS Scheme
ICICI Prudential - Growth Leaders Strategy

ICICI Prudential

Growth Leaders Strategy
Multi cap
PMS Scheme
ASK Investement - ASK Domestic Resurgence Portfolio

ASK Investement

ASK Domestic Resurgence Portfolio
Multi cap & Flexi Cap
PMS Scheme
Neo Asset - Yield Enhancer

Neo Asset

Yield Enhancer
Dynamics Bond
PMS Scheme
ASK Investement - ASK Emerging Opportunities Portfolio

ASK Investement

ASK Emerging Opportunities Portfolio
Small & Mid Cap
PMS Scheme
ASK Investment - ASK India Vision Portfolio

ASK Investment

ASK India Vision Portfolio
Multi cap & Flexi Cap
PMS Scheme
ASK Investment - ASK Financial Opportunities Portfolio

ASK Investment

ASK Financial Opportunities Portfolio
Sector Fund
PMS Scheme

Frequently Asked Questions (FAQs)

1. What is PMS Investment?

A Portfolio Management Service (PMS) is a specialized investment vehicle where a professional portfolio manager creates and manages a tailored portfolio of stocks, fixed income, and other structured products. Unlike Mutual Funds, where you own "units" of a fund, in a PMS, you own the underlying securities in your own individual Demat account.

It is essentially a "private fund" feel where the manager has the leeway to be more concentrated and aggressive than a typical retail fund.

2. Who should invest in PMS?

While the regulatory entry barrier is the most obvious filter, Portfolio Management Services (PMS) are specifically designed for a certain profile of investor. Beyond simply having the capital, a PMS investor usually fits the following criteria:

1. High-Net-Worth Individuals (HNIs)

Due to SEBI regulations, the minimum investment is ₹50 lakh. This makes it a product for investors who have a substantial surplus and for whom this amount represents only a portion of their total investable wealth, rather than their entire life savings.

2. Investors Seeking "Alpha" (Market Outperformance)

Mutual Funds are often "closet indexers," meaning they stay close to the benchmark to avoid huge losses. PMS managers, however, run concentrated portfolios (often just 15–25 stocks). This is for the investor who is willing to move away from the "safety" of a broad index in hopes of significantly higher returns.

3. Those Who Want Direct Ownership

In a Mutual Fund, you own units of a pool. In a PMS, you own the actual shares in your own Demat account. This is ideal for investors who:

  • Want to see every trade in real-time.
  • Want the dividends from those stocks credited directly to their bank account.
  • Value total transparency over their holdings.
3. How is PMS different from mutual funds?
1. Ownership and Structure
  • Mutual Funds: You own "units" of a pooled fund. The actual shares are held by the fund house (AMC) in a trust.
  • PMS: You own the actual shares directly. These are held in a separate Demat account in your name. You can see every stock, dividend, and trade in real-time on your dashboard.
2. Portfolio Concentration (Risk/Reward)
  • Mutual Funds: Regulated to be highly diversified (usually holding 50–100 stocks). SEBI rules prevent them from putting too much money into a single company.
  • PMS: Can be highly concentrated. A manager might put your entire investment into just 15–20 high-conviction stocks. This leads to higher "Alpha" (potential to beat the market) but also higher volatility if one company underperforms.
3. Taxation Efficiency
  • Mutual Funds: Very tax-efficient. The fund manager can buy and sell stocks inside the fund every day, and you pay zero tax until you actually sell your units.
  • PMS: Every time the manager sells a stock to book profit, it triggers a tax event for you. Since you own the shares, you are liable for Capital Gains Tax (LTCG/STCG) in the same financial year the trade happened, even if you don't withdraw any cash.
4. Customization and Control
  • Mutual Funds: No customization. If the fund manager buys a tobacco stock you dislike, you can't stop it.
  • PMS: Offers exclusion lists.exclusion lists. For example, if you work at a bank, you can instruct your PMS manager not to buy that bank's shares to avoid "over-exposure" in one sector.
Feature Mutual Funds PMS
Min. Investment ₹100 – ₹500 (SIP) ₹50 Lakhs (Regulatory Min.)
Fees Total Expense Ratio (capped) Fixed Fee + Performance Fee
Transparency Monthly factsheets (Delayed) Real-time holdings (Via App)
Regulation Extremely high / Strict High / More flexible mandates
Ideal for Retail & Wealth preservation HNIs & Wealth acceleration

Disclaimer : Past performance of Portfolio Managers/Investment Approaches, including model portfolios, is not indicative of future results and has been obtained from public sources. RR Finance and its representatives make no representation or warranty, express or implied, as to the accuracy, completeness, or reliability of such information. Investors are requested to carry out their own independent due diligence and consult their financial advisors before making any investment decisions. Investments are subject to market risks. Read all scheme related documents carefully.

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* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.


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