PMS for the haves, mutual funds for the have nots?

Oh, the 1,000-watt charm offensive, warm lunch plates, big champagne on ice... most of us are suckers for five-star treatment, right? And if this extends to your hard-earned savings being given the right push by a wealth manager in a plush office, that's the icing on the cake. No wonder, many crave to invest in a PMS (portfolio management service). An oasis for those who can invest at least Rs 50 lakh (basically the rich and the almost-rich), a PMS claims to offer silver spoon service, and returns. Its pure white exterior is a far cry from the rough and tumble image of mutual funds , an investment option that has democratised investing in India. For all you know, your driver and domestic help may have dipped their feet in mutual funds too. So how can this investment vehicle help you ? After all, to misquote George Orwell, some of us are born more equal than others. Or at least that's what I thought, until I compared the two options - PMS and mutual funds - and what I eventually found: PMS Mutual funds

This article was originally published on August 17, 2023.