Discretionary PMS
The Portfolio Manager exercises full investment discretion on behalf of the client. Buy, sell, and rebalancing decisions are made and executed without requiring prior client approval for each transaction — enabling timely, strategy-driven portfolio management.
- Manager has complete authority over trade execution
- No client sign-off required per transaction
- Fastest and most efficient strategy implementation
- Manager is accountable for all investment decisions
- Most common form of PMS in India
Who It Suits
Investors who prefer to delegate fully and want a hands-off approach with professional mandate execution.
Minimum Investment
SEBI mandates a minimum investment of ₹50 Lakhs per client across every PMS mandate type, including discretionary pms. Unlike a pooled fund, PMS investors hold the underlying securities directly in their own demat account. For comparison, an Alternative Investment Fund requires a minimum commitment of ₹1 Crore — see PMS vs AIF vs Mutual Fund.
Discretionary PMS Strategies
HDFC Diversified Portfolio – Hybrid
Minimum ₹50 Lakhs ICICI Prudential Asset Management CompanyICICI Prudential PMS Contra Strategy
Minimum ₹50 Lakhs Kotak Mahindra Asset Management CompanyKotak Evolv Moderate Asset Allocation
Minimum ₹50 Lakhs Marcellus Investment ManagersMarcellus Consistent Compounders
Minimum ₹50 Lakhs Motilal Oswal Asset Management CompanyMotilal Oswal Founders Portfolio
Minimum ₹50 Lakhs Nippon Life India Asset ManagementNippon India High Yield Portfolio
Minimum ₹50 LakhsOther PMS Mandate Types
Non-Discretionary PMS
The Portfolio Manager provides investment recommendations and a proposed course of action, but each trade requires explicit client approval before exe…
Advisory PMS
The Portfolio Manager solely provides investment advice and research recommendations. The client evaluates the advice independently and is responsible…