Which PMS do you use?

First question you should ask is - Do you really need a PMS?

I know after portfolio hitting 50+lakhs and markets peaking, you get confused on the next steps. More valid for covid stock investors as their expectation remains super high. Googling reveals a magic wand - PMS (more so because of marketing pages).

Risk with PMS -

1. Many PMSs aren’t able to beat index funds
2. PMS will charge a hefty fee even if they aren’t making money for you.
3. PMS will charge fixed fee + profit share as well (if they make)

Solution -

Gareebo ka PMS - Mutual Fund! Luckily, we have some good AMCs who are rewarding long term investors handsomely while keeping returns a notch above index and not charging bomb in fee.

PMS - Check consistent compounders from Marcellus, white oak is another one. I don’t think they were able to beat index.

MF - You can try PPFCF, HDFC Flexi Cap

CapitalMind by Deepak Shenoy

If I had the money, it would be Aequitas.

2point2. Not sure if they now have an intake though. Excellent fund and has beaten Nifty50.

Taxes are a major pain with PMS. Every trade that the fund manager does requires you to pay a tax if it was a profitable position.

This tax needs to come out of your other income or else you will have exit some portion of your PMS to pay the tax.