Vol. 6, Issue 2, Part F (2024)

The expanding significance of individualized wealth management solutions for high-net-worth individuals (HNWIs) is shown by this study's thorough examination of portfolio management services (PMS) in India. Unlike mutual funds, which combine clients' money, PMS provides customized investing ideas. The personalized strategy that enables investors to hold specific stocks is the main focus of the study, which examines various PMS models, including discretionary and non-discretionary models. Analysis of performance data from top PMS providers, including Motilal Oswal, ICICI Prudential, HDFC, and Kotak, reveals differences in returns according to the tactics used. Some techniques have demonstrated volatility in the short term, but others have produced strong long-term returns. The paper also assesses the risks related to PMS and discusses pricing structures, including fixed and performance-linked models, such as market volatility and liquidity challenges.
At last, the study examines the future of PMS in India, considering new developments such as robo-advisory solutions, technological integration, and improved investor training to help with the decision-making process. The goal of the study is to offer a comprehensive manual to financial experts and potential investors who are weighing PMS as a method of investing in India's changing financial environment.