PMS in Pune: Who Actually Qualifies for Portfolio Management Services?

No. The ₹50 lakh minimum is a SEBI regulatory requirement on the product itself, not a provider preference — it applies uniformly regardless of your relationship history or existing portfolio elsewhere with the same provider (accredited investors are a separate exception). Separately, SEBI's board approved a PRIM route in September 2026 for portfolio managers investing only in mutual fund units, with a ₹25 lakh minimum; check for the final notification before relying on it.

No. A PMS holds market-linked securities — equity and debt — and carries full market risk. The independent custodian arrangement protects against fraud or misappropriation of the underlying securities; it does not protect against the portfolio losing value in a market downturn.

Yes, most providers allow additional investment (subject to a minimum top-up amount) and partial withdrawal, though early withdrawal often triggers the exit load discussed above. Full liquidation timelines depend on how concentrated and liquid the specific portfolio's holdings are.

A PMS provides an account-specific performance report calculated using the time-weighted rate of return (TWRR) methodology, factoring in the exact timing of your specific contributions and withdrawals — unlike a mutual fund's single published NAV that applies identically to every unit holder.

Yes — PMS securities are held in a demat account in your own name, opened specifically for this purpose (sometimes a new account, sometimes your existing one, depending on the provider's process), distinct from any mutual fund folio you hold.

Because securities sit in your own demat account with an independent custodian rather than inside the manager's own balance sheet, the underlying holdings remain yours regardless of what happens to the management firm — though you would need to transition to a new manager or bring management in-house to continue active oversight.

Yes, subject to FEMA-compliant account structures (typically routed through an NRO/PIS-linked arrangement) — worth a dedicated conversation given the additional repatriation and tax-residency considerations involved; see our companion guide on NRI investing for the details.