PMS (Portfolio Management Services) is a professional investment service offered by qualified portfolio managers to manage a client’s investments in a personalized way.
It is a customized investment solution where a professional portfolio manager or a team of investment experts manages your equity, debt, or other securities portfolio on your behalf.
Unlike mutual funds where your money is pooled with other investors, PMS gives you individual ownership of securities and a tailored strategy based on your risk appetite, financial goals, and preferences.
An Alternative Investment Fund (AIF) is a privately pooled investment vehicle that collects funds from investors to invest in assets beyond traditional options like stocks and bonds. These funds are professionally managed and follow strategies that are often more sophisticated or specialized than regular mutual funds.
In India, AIFs are regulated by SEBI (Securities and Exchange Board of India) under the SEBI (AIF) Regulations, 2012.