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Portfolio Management Services (PMS)

Your portfolio, professionally run

A professionally managed portfolio of stocks held in your own demat account, built around your goals and risk appetite. We help you compare strategies from SEBI-registered portfolio managers and stay on top of performance.

₹50 LMinimum investment set by SEBI

15–30Stocks in a typical focused portfolio

3Formats: discretionary, non-discretionary, advisory

100%Holdings in your own demat account

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Get Started in 4 Simple Steps

PAN & KYC Verification

Check or complete your KYC using your PAN

Document Upload

Aadhaar (masked) and bank proof

E-Sign

Sign your forms digitally with an OTP

Ready to Transact

Invest through the app or your RM

Overview

What is PMS?

Portfolio Management Services give you a dedicated portfolio, usually of 15–30 stocks, run by a SEBI-registered portfolio manager. Unlike a mutual fund, you own the shares directly: you see every holding, receive dividends in your own account and can have the portfolio tailored to you. SEBI sets the minimum investment at ₹50 lakh.

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Types of PMS

Discretionary

The portfolio manager takes buy and sell decisions within the agreed mandate. This is the most widely used format.

Non-Discretionary

The manager recommends; trades are placed only after you approve them.

Advisory

You receive recommendations and execute the trades yourself.

Compare

PMS vs Mutual Funds

	PMS	Mutual Funds
Ownership	Shares held directly in your demat account	Units of a pooled scheme
Minimum investment	₹50 lakh	Often ₹100–₹5,000
Customisation	Can be tailored to you	Same portfolio for every investor
Fees	Fixed, performance-linked or hybrid	Expense ratio; no performance fee
Taxation	Each trade is taxed in your hands	Taxed only when you redeem

Key Points

Who is PMS For?

Investors with ₹50 lakh or more to invest for at least 3–5 years
Those comfortable with a concentrated equity portfolio and its ups and downs
Investors who want direct ownership and detailed portfolio visibility

Documents

Keep These Ready

Keep these handy for a smooth start. We never ask for your full Aadhaar number; a masked copy is enough.

PAN CardMandatory for every investor, including minors and HUFs.

AadhaarA masked copy (only the last 4 digits visible) for e-KYC and e-sign.

Bank ProofCancelled cheque or a recent bank statement showing your name and IFSC.

Passport PhotoA recent colour photograph against a plain background.

Address ProofNeeded if your current address differs from Aadhaar, e.g. passport or utility bill.

FATCA DeclarationTax-residency self-declaration; NRIs and foreign tax residents add overseas details.

FAQs

Questions, answered

What is the minimum investment?

SEBI sets the minimum at ₹50 lakh per client, which can be invested in cash or by transferring eligible securities. Accredited investors may have different thresholds.

What fees will I pay?

Portfolio managers may charge a fixed management fee, a performance-linked fee above a hurdle, or a mix, plus brokerage, custody and taxes. The complete fee schedule is disclosed in the agreement before you sign.

Can I withdraw money from my PMS?

Yes. Partial or full withdrawals are allowed as per the agreement, subject to the minimum balance. Exit loads, if any, are capped by SEBI and apply only in the early years.

How will I track performance?

You receive periodic statements from the portfolio manager and can see your holdings in your own demat account. We also review the portfolio with you at regular check-ins.

Can NRIs invest in PMS?

Many portfolio managers accept NRIs through NRE/NRO routes. Eligibility and documents vary, so we confirm this before onboarding.

Are PMS returns guaranteed?

No. PMS portfolios are market-linked and often concentrated, so they can fall more sharply than the broader market in a downturn.

How is PMS taxed?

Because you own the securities, each sale is taxed as capital gains in your hands, and dividends are taxed at your slab rate. Speak to your tax adviser about your situation.

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Investments in securities are subject to market risks. Read the PMS Disclosure Document and client agreement carefully. Satco Wealth acts as a distributor and does not manage portfolios.

Mutual Funds

SIP Investment

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Information

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

AMFI Registered Mutual Fund Distributor – ARN: 159693 | Validity from 05/02/2025 to 04/02/2028

AMFI Registered SIF Distributor – ARN: 159693 | Validity from 04/11/2025 to 03/11/2028

APMI Registered PMS Distributor – APRN00623 | Validity from 18/02/2025 to 17/02/2028

AIF Distributor

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