The general concept of a portfolio is not foreign to most people. When applying for a modelling job or as a writer, one is expected to bring along one’s portfolio, meaning the compilation ofacademic and professional materials which can ascertain one’s selection. In finance, a portfolio refers to a collection of investments. Portfolio Management is essentially a concept ofEconomics. For better understanding, take, for instance, an actor who has to work on diverse projects and may also have a couple of side businesses. He may not be well-versed in business and requires a skilled manager to oversee on his behalf. A manager also acts as an advisor, helping better handle the work. A similar concept applies to Portfolio Management Services. These services were first permitted in India in 1993, and PMS firms have flourished ever since.
If these services are what you seek, you must be curious about what is meant by minimum ticket size for Pms. It simply means the minimum investment that you can make which is eligible for these services to be sought. The amount has evolved since the inception of this sector. At present, it stands at ₹50 lakhs. Although it seems unfair to certain individuals, the amount has been declared to ensure that only serious investors, who understand the market, go in for the services.
What does it entail?
A PMS firm acts as an individual who understands a client’s financial goals and offers a structured plan to achieve the desired goal. He is like a tailor to whom you provide an unfinished garment to work on. You mention the required fittings and style, and they stitch and sew accordingly. The finished item may be a perfect fit or might still need alterations. In the latter case, adjustments are made after consultations. Monthly discussions regarding the functionality and revision of the procedure are also offered for better implementation in caseof a lag. The best PMS in India ensures that they render reliable services to live up to their names.
There is no fixed procedure for investments since no two clients can have the same goals or similar financial status.
Benefits
- Professional opinion on investments.
- Regular monitoring.
- Risk management.
- Personalized investment plans.
If you are standing in a labyrinth of stocks, equities and have a high net worth, Portfolio Management Service is your beacon towards the exit of that labyrinth. Limited investment knowledge, ignorance about market volatility are sorted through these services. When it comes to managing finance of this scale, it is not wise to make decisions on your own. Professional help exists to solve such situations. It is not practically possible for an individual to be able to handle large assets besides the main profession, it is a highway towards stress. That said, choose what a sane person would and invest in PMS services to rest assured.