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.

Minimum is 50 lakh as per SEBI. Most PMS have their own and much higher limits in terms of crores. I don't use any though.

Laxmi Chit Fund

None

of my own