05 — High Conviction
Portfolio Management Services
A concentrated, transparent, high-conviction portfolio in your name.
SEBI-registered PMS mandates that hold 15–30 businesses in your own demat — high conviction, high transparency, and direct ownership of every stock.
In a PMS, securities are held in your name, not a pooled fund. You see every trade, every fee, every holding — and you own the underlying companies directly.
Fig. 05 — Portfolio Management Services
High Conviction
Horizon
5 – 10+ years
Risk
High
Liquidity
T+3 (subject to exit terms)
Ticket size
₹50 L (SEBI minimum)
How it works
A four-step process
01
Select mandate
We shortlist 2–3 PMS managers whose style, philosophy, and cycle-tested track record fit your mandate.
02
Onboard
Individual demat and bank account opened in your name; capital deployed as per manager’s process.
03
Own directly
Every stock sits in your demat. Corporate actions, dividends, and capital gains flow straight to you.
04
Review quarterly
Attribution, benchmark comparison, and philosophy check-ins — we sit alongside the manager and you.
Chapter — Fit
Who this is for.
Portfolio Management Services is not for every investor — and that is the point. We choose it deliberately, when the mandate calls for it.
01
Investors with ₹50 L+ to allocate to concentrated equity
02
Sophisticated investors seeking transparency
03
Families wanting direct stock ownership
04
Corpus already exposed to mutual funds seeking differentiation
Why it works
Structural advantages
01 / 04
High conviction
15–30 stocks, chosen deliberately — not diluted by regulatory diversification caps.
02 / 04
Transparency
Every trade, every fee, every stock — visible daily in your demat.
03 / 04
Customisation
Ability to exclude sectors, existing holdings, or ESG-conflicting names.
04 / 04
Tax efficiency
Capital gains realised at your PAN — set-offs, harvesting, and loss book-keeping under your control.
Considerations
What we tell you before you commit.
01
Concentration risk — a single name can meaningfully move NAV.
02
Fees (fixed + performance) are higher than mutual funds.
03
Tax reporting is more involved; we support your CA end-to-end.
Frequently asked
Answered plainly
PMS vs. mutual fund?
PMS is direct ownership + higher conviction + higher fees + higher tax admin. It complements, not replaces, MFs.
How are PMS returns reported?
Time-Weighted (TWRR) net of fees, with monthly factsheets. We independently verify against your demat.
Ready to explore this route for your portfolio?
A private, no-obligation conversation with one of our experts — begin with your mandate, not a product.