Question 1

What is a PMS (Portfolio Management Service) in India?

Accepted Answer

A Portfolio Management Service (PMS) is a SEBI-regulated investment vehicle where a professional portfolio manager invests on behalf of high-net-worth individuals (HNIs). Minimum investment in a PMS is ₹50 Lakhs (₹50,00,000) as per SEBI regulations. Unlike mutual funds, PMS strategies are customized and hold securities directly in the investor's demat account.

Question 2

How is PMS performance data sourced on this screener?

Accepted Answer

All performance data is sourced directly from APMI India (Association of Portfolio Managers in India), the official SEBI-recognised industry body for PMS. Returns are calculated using Time-Weighted Rate of Return (TWRR), net of all management fees and expenses, as mandated by SEBI. Abundance Financial Services (APRN04279) is an APMI Registered PMS Distributor.

Question 3

How many PMS strategies are tracked on this screener?

Accepted Answer

This screener tracks 1,176+ Discretionary PMS strategies across Equity, Debt, Hybrid, and Multi Asset categories as of February 2026. By default, strategies from providers where all strategies have AUM below ₹50 Crores (Equity) or ₹10 Crores (Debt/Hybrid/Multi Asset) are hidden to focus on established, liquid strategies. Users can toggle "All Funds" to view all strategies.

Question 4

What is the minimum investment for a PMS in India?

Accepted Answer

As per SEBI (Securities and Exchange Board of India) regulations, the minimum investment amount for a Portfolio Management Service (PMS) in India is ₹50 Lakhs (₹50,00,000). This threshold was revised upward from ₹25 Lakhs in 2019 to ensure PMS products remain accessible primarily to sophisticated high-net-worth investors.

Question 5

What is the difference between PMS and Mutual Funds in India?

Accepted Answer

Key differences: (1) Minimum investment — PMS requires ₹50L vs no minimum for mutual funds. (2) Customization — PMS portfolios are tailored to individual clients whereas mutual funds are pooled. (3) Ownership — In PMS, securities are held in the investor's own demat account; in mutual funds, investors hold units. (4) Fees — PMS charges management fees (typically 1–2.5% pa) plus performance fees; mutual funds charge expense ratios. (5) Transparency — PMS provides complete portfolio visibility.

Question 6

How can I compare PMS strategies on Abundance?

Accepted Answer

Use the compare checkboxes (⚖) on each row in the PMS Screener table. Select up to 3 strategies — a floating green bar will appear at the bottom. Click "Compare Now" to open a side-by-side comparison showing returns across all time horizons (1M to Inception), alpha vs Nifty 50, AUM, and a ₹50L wealth simulation for each strategy. This feature is completely free and requires no login.

Strategy / Manager	AUM (Cr)	1M%	1Y%	3Y%	1Y Alpha vs Nifty