What is PMS Equity?
PMS (Portfolio Management Services) Equity strategies are SEBI-regulated individually managed equity portfolios. Unlike mutual funds, each investor owns securities directly in their own demat account, and portfolios are customised for individual investors by experienced fund managers.
- Flexicap: Unconstrained across market caps
- Multi Cap: Spread across large, mid & small caps
- Large Cap: Focus on Nifty 100 / BSE 100 companies
- Mid Cap: Emerging sector leaders
- Small Cap: High-growth early-stage companies
- Sectoral & Thematic: Concentrated sector bets
How to Pick a PMS Strategy
Key factors to consider when evaluating PMS equity strategies:
- Track record over full market cycles (3–5+ years)
- Risk-adjusted returns vs benchmark (Sharpe / Sortino ratio)
- Fund manager experience and continuity
- Portfolio concentration and max drawdown history
- Fee structure: Fixed vs variable (performance fee)
- Minimum investment: SEBI minimum is ₹50 Lakhs