portfolio management services
Portfolio Management Services (PMS)
Investors interested in equity markets can invest through the Portfolio Management Service (PMS) offered by banks, brokerage firms, mutual fund houses etc. In this kind of service, the portfolio manager either directly manages the portfolio of the investor according to investor’s requirements (discretionary PMS) or the portfolio manager provides advice and information to the investor and then the investor takes the decisions for buying and selling the respective stocks. In case of PMS, in addition to the transaction cost and taxes, the investors have to pay for the portfolio management services.
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