Portfolio Management Service in India

Sun, 17 May 2026 00:00:00 +0000

A Portfolio Management Service (PMS) in India is a SEBI-regulated investment-management vehicle through which a SEBI-registered Portfolio Manager manages individual client portfolios under a defined mandate. PMS is the principal vehicle for high-net-worth investors seeking customised investment management beyond what mutual fund schemes provide. Governed by the SEBI (Portfolio Managers) Regulations, 1993 (with multiple subsequent amendments), the PMS framework distinguishes between discretionary PMS (the portfolio manager has full investment discretion) and non-discretionary PMS (the manager requires client approval for each transaction). The minimum-investment threshold, raised progressively by SEBI over decades, stands at Rs 50 lakh as of 2026, positioning PMS as a high-net-worth-investor product distinct from mutual fund schemes that are open at much lower minimums (Rs 100 to Rs 5,000).

INDwealth

Tue, 12 May 2026 00:00:00 +0000

INDwealth is the premium wealth management sub-brand operated by INDmoney (INDmoney Private Limited), targeting high-net-worth individual (HNI) and ultra-HNI investors who seek personalised portfolio management alongside the broader INDmoney platform’s aggregation and direct-plan investing capabilities.

INDwealth operates under the SEBI registered investment adviser (RIA) registration held by INDmoney Private Limited, providing fee-based advice and personalised portfolio construction rather than the self-directed direct-plan investing model of the mass-market INDmoney platform. INDwealth charges a fee based on assets under advice (AUA), consistent with the RIA fee models permitted under the SEBI (Investment Advisers) Regulations 2013 and the 2020 amendment.

HNI Investing on WebNotes

Portfolio Management Service in India

INDwealth