Discretionary
The portfolio manager takes all investment decisions within the agreed strategy.
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Portfolio Management Services (PMS)
Professionally managed, concentrated portfolios held in your own demat account, for investors with ₹50 lakh or more.
Overview
What is Portfolio Management Services?
Portfolio Management Services are offered by SEBI-registered Portfolio Managers. Unlike a mutual fund, the securities are held directly in your own demat account, so you can see every stock and every transaction.
PMS strategies are usually concentrated, often 15–30 stocks, and follow a defined investment approach such as growth, value, quality or small-cap. Fees may include a fixed management fee, a performance fee, or both, as set out in the PMS Disclosure Document.
Options
Types & strategies
Non-Discretionary
The portfolio manager suggests trades, which are executed only with your approval.
Advisory
The manager only advises, and you execute the trades yourself.
Strategy Styles
Large-cap, multi-cap, mid & small-cap, thematic, value and quality approaches.
How It Works
Ways to invest
Funding
In cash, or by transferring existing stocks (subject to the manager's acceptance).
Fees
Fixed, performance-linked or hybrid, as disclosed upfront.
Reporting
Regular statements, plus performance published on the APMI website.
Top-ups
Additional investments as permitted by the agreement.
Our Role
How we help
- 01Confirm eligibility and suitability for a ₹50 lakh+ allocation
- 02Compare strategies, fees, track records (APMI data) and risk
- 03Explain the fee structure and our commission transparently
- 04Support onboarding and periodic review meetings with you
Key risks to understand
- Concentrated portfolios can be more volatile than diversified funds.
- Fees and taxes on churn can affect net returns.
- Past performance of a strategy does not guarantee future results.
- Read the PMS Disclosure Document and agreement before investing.
Have questions about whether this suits you?
Book A Portfolio ConsultationMutual Fund investments are subject to market risks, read all scheme related documents carefully.
Pritesh Kakani (trading as Kakani Financial Services) is an AMFI-Registered Mutual Fund Distributor, ARN-373766, EUIN E717134. We are not a SEBI-Registered Investment Adviser. Any guidance provided is incidental to distribution. PMS is not a mutual fund product. It is offered by SEBI-registered portfolio managers and carries its own risks. Past performance is not indicative of future returns, and returns are not guaranteed.