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Wealth Advisory
Portfolio Management Services (PMS) vs Mutual Funds
Unpacking the key differences in portfolio concentration, fee structures, and customization for high-net-worth investors.
Choosing the Right Vehicle for Your Capital
While Mutual Funds offer broad diversification for retail investors, Portfolio Management Services (PMS) cater to discerning investors seeking concentrated, theme-driven alpha.
Direct Comparison Matrix
- Portfolio Concentration: Mutual funds often hold 50–100 stocks; a PMS typically focuses on 15–25 high-conviction ideas.
- Ownership: In a PMS, shares are held directly in your individual demat account.
- Customization: PMS managers have the agility to hold tactical cash and customize sector exposure based on market regimes.
