PMS alternatives: the comparisons and cost tools

A PMS needs a minimum of 50 lakh rupees under SEBI rules and often charges a fixed fee, a profit share or both; other routes to a rule based equity portfolio include mutual funds, model portfolios and index algos in your own demat. The pages below compare those routes on minimum, fees, ownership and tax, with calculators that put the fees in rupees.

11 pages and terms
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4 questions answered

2Guides

Long form answers with worked Indian examples.

1Calculators

Put your own numbers on the idea.

CalculatorFee drag over 20 yearsA mutual fund TER, a PMS at 2% plus 20% over a 10% hurdle, and RupeeCase at 0.2% of traded value per rebalance.

4Comparisons and more

Side by side pages, hubs and the rest of the site.

3Glossary terms

The words, in plain language.

PMS: Portfolio Management Service. SEBI regulated.
Hurdle rate: Minimum return above which a performance fee is charged.
High water mark: Peak value against which performance fees are calculated.

Search every RupeeCase page for pms

Questions about PMS alternatives

What is the minimum for a PMS in India?

SEBI sets the minimum at 50 lakh rupees per client. An AIF needs at least 1 crore rupees.

How are PMS fees charged?

As a fixed share of assets each year, a share of profits above a hurdle, or a mix of the two, plus trading costs. The fee calculator shows the effect in rupees over the years.

What is a high water mark?

A rule that a profit share is charged only on gains above the highest previous value, so the same gain is not charged twice.

How do I compare a PMS with other routes?

Look at the minimum, the total fee in rupees, who holds the shares, the rules and the lock in. The PMS evaluation guide lists the checks one by one.

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