Well, the word PMS, a short form of portfolio management services, is a service run by SEBI registered portfolio managers where the managers have to invest on behalf of their clients provided the clients are capable enough to make a basic investment of Rs 50 lakhs and this entire arrangement is designed to cater to people with a high net worth.
Although mutual funds are no less in terms of offering a range of choices like a small-cup, mid–cup, etc, however, there are constraints attached. Whereas a PMS portfolio manager would design a strategy that would suit his/her client the best without any prior restraints.
Best PMS in India
- Motilal Oswal PMS
- Ask PMS
- Kotak PMS
- ICICI Prudential PMS
- Birla Sunlife PMS
- Alchemy PMS
- Invesco PMS
- Unifi Capital PMS
- NJ Advisory PMS
- Forefront PMS
When choosing a brokerage house, one must ensure that the PMS portfolio manager is seasoned enough to guide them through the whole affair. Also, it’s of primary importance that they go in for a well-reputed and trusted brokerage house. The whole idea is to add to the profit which is based on the portfolio, that is exactly why a seasoned manager would be helpful.
Meaning of best PMS
The straightforward answer to this is that the PMS portfolio manager of the brokerage house would help the client with all kinds of things related to portfolio management. Updation of a portfolio is very important, now the client may or may not be aware of it, however, the manager must not underplay the importance of a portfolio. Therefore, he/she must make sure that the client’s portfolio is updated.
PMS houses also have an active role to play in terms of guiding a client through decisions like buying and selling as per the research paper, plus working out a strategy so that the client can have fruitful returns from the investment portfolio.
What makes a brokerage house stand out?
There is a reason why the above-mentioned brokerage houses are considered the best PMS in India, because of their client base, their outstanding services, the practical brokerage charges, and above all a client can rest assured that he/she would have constructive returns from the investment portfolio.
Role of a PMS portfolio manager
Also, known as a fund manager, is in charge of the execution of a strategy for investment, where he/she manages the portfolio of a client by keeping track of the market and observing any change that may have taken place. Which is then sent to the client( the information), followed by guiding them through their investment plans.
In final words as far as best PMS is concerned, it’s amply clear from the article that portfolio management is responsible for managing the investments of their clients, the entire affair, right from scratch would be carried out under the guidance of an experienced PMS portfolio manager.
The client must make sure whoever they choose to go ahead with as his/her fund manager is experienced enough to help them through the entire process so he/she would come out with successful returns.