Portfolio Management Advisor Service for India’s Smartest Professionals
PMS Minimum Investment
What Is the Minimum Investment for PMS, and How Does It Compare to Portfolio Management Advisory?
SEBI mandates a minimum investment of ₹50 lakh for Portfolio Management Services, regardless of which Portfolio Manager you choose. Moneyvesta’s portfolio management advisory carries the same ₹50 lakh minimum. The entry point is identical. The difference is not what it takes to get started; it is what you pay every year after that, and who retains control over your trades and custody.
Portfolio Management Services
₹50 lakh
Minimum investment mandated by SEBI
Portfolio Management Advisory
₹50 lakh
Minimum portfolio considered for advisory
Where the Relationship Changes
The minimum is the same. The economics and control are different.
At the same starting portfolio size, the practical choice is between a discretionary PMS structure and a non-discretionary advisory relationship in which you retain execution and custody control.
| Comparison Point | Portfolio Management Services (PMS) | Portfolio Management Advisory (Moneyvesta) |
|---|---|---|
| Minimum investment | ₹50 lakh (SEBI-mandated) | ₹50 lakh |
| Who executes trades | Portfolio Manager, discretionary | You, based on our recommendations |
| Fee model | AUM-based (1-1.5%) plus performance fee (10-20%), uncapped | Fixed fee, SEBI-capped at ₹1,51,000/year/family |
The key distinction: the ₹50 lakh threshold does not decide between the two structures. The more important questions are how fees behave as the portfolio grows, who executes each trade, and whether custody and decision control remain with you.
How Much Do PMS Fees Cost as Your Portfolio Grows?
PMS fees commonly rise with portfolio size because they may be charged as a percentage of assets, a share of investment gains, or both. For example, at a ₹7 crore portfolio, a 0.6% AUM-based fee equals ₹4.20 lakh a year, while a 5% performance fee on a 12% assumed return also equals ₹4.20 lakh.
Most portfolio advisory relationships in India fall into one of two categories: a fee tied to the size of your assets, or a share of your profits. Both are workable models, but both also mean your fee changes every year, and neither one has a ceiling.
Fixed Fees portfolio management advisor takes a third approach: a fixed advisory fee, set once a year against your portfolio size, that does not scale as the portfolio scales.
Further down this page, you’ll find the exact fee tiers alongside a full comparison against the two more common models used across the portfolio management services industry in India.
The short version: predictability today, and a fee that becomes relatively cheaper as your portfolio grows, are the two things this approach is built around.
| Registration | SEBI-registered Investment Adviser, INA000018407 |
|---|---|
| Fee model | Fixed annual fee, capped by SEBI Regulation 15A at ₹1,51,000/year/family |
| Minimum investment | ₹50 lakh |
| Review cadence | Quarterly |
| Asset classes covered | Mutual funds, direct equities, ESOPs, fixed income and cash, reviewed together as one portfolio |
How Portfolio Advisory Fees Work in India
There are three fee models used across portfolio advisory and portfolio management services in India:
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A fixed fee: a flat annual amount, set once and reviewed periodically, independent of portfolio size day-to-day and independent of returns.
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An AUM-based fee: a percentage of the portfolio’s value, charged annually, rising and falling with the portfolio’s size.
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A profit-sharing fee: a percentage of the gains made during the year, charged only when there are gains to share.
SEBI regulates each of these differently depending on who’s charging them. Under Regulation 15A of the SEBI (Investment Advisers) Regulations, 2013 , a Registered Investment Adviser’s fixed-fee model is capped at ₹1,51,000 a year per client family, a hard ceiling, reviewed every three years against the Cost Inflation Index. The alternative AUM-based mode available to RIAs is capped at 2.5% a year. Portfolio Management Services , run by SEBI-licensed Portfolio Managers under a separate set of regulations, typically charge AUM-based fees of 1% to 1.5% plus a performance fee of 10% to 20% above a hurdle rate; neither of those has an equivalent cap.
That regulatory gap has a direct mathematical consequence. A fixed fee’s cost, measured as a percentage of the portfolio, falls every time the portfolio grows, because the fee itself stays flat. An AUM-based or profit-sharing fee doesn’t work this way; its cost as a percentage of the portfolio stays roughly constant, or moves with returns. The larger the portfolio, the wider this gap becomes.
Against two commonly seen structures in the PMS industry:
| Portfolio size | Fixed-fee model | AUM-based model 1% / 0.8% / 0.6% | Profit-sharing model 10% / 8% / 5% at 12% assumed return |
|---|---|---|---|
| ₹75 lakh | ₹45,000 | ₹75,000 | ₹90,000 |
| ₹3 crore | ₹75,000 | ₹2,40,000 | ₹2,88,000 |
| ₹7 crore | ₹1,10,000 | ₹4,20,000 | ₹4,20,000 |
| ₹15 crore | ₹1,45,000 | ₹9,00,000 | ₹9,00,000 |
Rate mapping used in this table: the AUM-based fee is 1% at ₹75 lakh, 0.8% at ₹3 crore, and 0.6% at both ₹7 crore and ₹15 crore. The profit-sharing fee is 10% at ₹75 lakh, 8% at ₹3 crore, and 5% at both ₹7 crore and ₹15 crore, applied to the assumed annual gain at a 12% return.
A calculation spanning ₹50 lakh to ₹30 crore, checked at 500 points, found the fixed-fee model cheaper than both alternatives across the entire range; the narrowest gap sits at the very bottom, around ₹50 lakh, where the saving runs ₹5,000 to ₹15,000 a year, and widens substantially from there.
The gap compounds too. At the ₹7 crore level, the ₹3,10,000 saved each year against the AUM-based model, invested at the same 12% assumed return for 20 years, grows to roughly ₹2.23 crore. At ₹15 crore, the ₹7,55,000 saved each year grows to roughly ₹5.44 crore over the same period.
One thing worth naming directly: a fixed fee is payable every year, in strong markets and weak ones alike. A profit-sharing fee moves with returns, so a flat or loss year can mean nothing is owed under that model. An AUM-based fee behaves like the fixed fee here; both are payable regardless of performance. And the 12% return used above is a stated assumption for comparison, not a forecast of anything.
Effective fee rate by portfolio size, using the representative fixed-fee schedule below:
| Portfolio size | Annual fee | Effective rate |
|---|---|---|
| ₹50 lakh | ₹45,000 | 0.900% |
| ₹75 lakh | ₹45,000 | 0.600% |
| ₹1 crore | ₹75,000 | 0.750% |
| ₹1.5 crore | ₹75,000 | 0.500% |
| ₹2 crore | ₹75,000 | 0.375% |
| ₹3 crore | ₹75,000 | 0.250% |
| ₹5 crore | ₹1,10,000 | 0.220% |
| ₹7 crore | ₹1,10,000 | 0.157% |
| ₹10 crore | ₹1,45,000 | 0.145% |
| ₹15 crore | ₹1,45,000 | 0.097% |
| ₹20 crore | ₹1,45,000 | 0.072% |
| ₹30 crore | ₹1,45,000 | 0.048% |
Understanding the distinction
PMS vs Portfolio Management Advisory
Portfolio Management Services and portfolio management advisory may sound similar, but they operate under different SEBI regulations. The central distinction is who makes and executes the investment decisions, and where the investor’s money and securities continue to be held.
| Decision point | Portfolio Management Services (PMS) | Portfolio Management Advisory |
|---|---|---|
| Regulatory framework | Governed by the SEBI Portfolio Managers Regulations and provided by a registered Portfolio Manager. | Governed by the SEBI Investment Advisers Regulations and provided by a Registered Investment Adviser. |
| Who executes transactions | The Portfolio Manager can execute investment decisions on the client’s behalf within the agreed mandate. | The adviser recommends the portfolio actions. The investor approves or executes the transactions in their own account. |
| Where investments are held | Investments are operated through the account and custody structure prescribed for the PMS relationship. | The investor continues to hold the investments in their own bank, mutual fund and demat accounts. |
| Portfolio approach | Usually follows a defined PMS strategy or mandate managed by the Portfolio Manager. | Can coordinate mutual funds, direct equities, ESOPs, fixed income and cash around the investor’s wider portfolio and goals. |
| Fee structure | Common structures include an AUM-based fee, a performance-linked fee, or a combination of both. | A Registered Investment Adviser may charge under the fee modes and limits permitted by the applicable SEBI regulations. |
| Investor involvement | Day-to-day portfolio execution is delegated to the Portfolio Manager within the agreed mandate. | The investor retains ownership and execution control while receiving structured research, monitoring and rebalancing recommendations. |
The advisory relationship
Moneyvesta Portfolio Advisory at a Glance
A concise view of how the advisory relationship works, what is reviewed and what remains under the investor’s control throughout the process.
| Service category | Portfolio management advisory provided by a SEBI-registered Investment Adviser. |
|---|---|
| SEBI registration | Moneyvesta Capital Services Private Limited INA000018407 |
| Minimum portfolio size | ₹50 lakh across investments considered for the advisory relationship. |
| Fee approach | A fixed annual advisory fee rather than a fee linked to portfolio gains or changing market performance. |
| Review frequency | Structured quarterly portfolio reviews, supported by ongoing monitoring where portfolio developments require attention. |
| Investments reviewed | Mutual funds, direct equities, ESOPs, fixed income and cash are considered together as part of one coordinated portfolio. |
| Ownership and custody | The investments remain in the client’s own bank, mutual fund and demat accounts throughout the advisory relationship. |
| Decision process | Moneyvesta provides research, portfolio recommendations and rebalancing guidance. The investor retains control over transaction approval and execution. |
The minimum indicates the level at which the ongoing advisory scope is designed to operate. Moneyvesta does not require clients to transfer ownership of their investments or provide broker passwords, trading credentials or OTPs.
Moneyvesta's Own Fee Structure
Moneyvesta follows exactly the fixed-fee model described above:
| Portfolio size | Annual fee |
|---|---|
| ₹50 lakh – ₹1 crore | ₹45,000 |
| ₹1 crore – ₹5 crore | ₹75,000 |
| ₹5 crore – ₹10 crore | ₹1,10,000 |
| Above ₹10 crore | ₹1,45,000 |
Set once a year and never tied to how the market performed, alongside quarterly portfolio reviews across your full range of holdings.
Your Portfolio Should Not Be Scattered. It Should Be Structured.
Most professionals do portfolio management piece by piece.
A mutual fund from one advisor.
A few stocks bought during a rally.
ESOPs vesting in the background.
EPF and NPS sitting on different portals.
Fixed deposits made years ago.
Multiple apps and accounts.
The result is a portfolio filled with funds but lacking direction.
Everything everywhere.
Nothing talks to each other.
Nothing works in one direction.
“Moneyvesta’s Portfolio Management Advisory pulls everything together into one clear, unified structure so your entire portfolio works as a coordinated engine. Think of it as a personal family office for your wealth.”
Where direct equity is relevant, our approach includes
stock investment advisory
within the overall portfolio management framework.
YOUR PORTFOLIO MANAGEMENT
One Integrated Portfolio. Every Moving Piece in Sync.
Your mutual funds, stocks, ESOPs, fixed income and retirement assets should not pull in different directions. Our portfolio management advisory service translate them into one deliberate system so that every decision reinforces your long-term plan.
Portfolio
WHY THIS MATTERS
Most Portfolios Fail Not Because of Low Returns,
But Because of Low Structure
Before Joining Us
- Too many funds with identical mandates
- Accidental overlap in stocks and sectors
- Unmanaged ESOPs influencing net worth
- No asset allocation or rebalancing discipline
- Too many accounts and apps
- No clarity on how everything fits together
Most portfolios don’t fail because of markets. They fail because they’re built without a blueprint.
This leads to confusion and second-guessing.
Asset Allocation
Balanced mix across equity, debt and alternatives.
Rebalancing
Rules that keep risk in check and emotion out.
Tax & Costs
Structures that protect what you earn.
Clear Roadmap
Buy, hold and exit guidance you can rely on.
The Moneyvesta Method
How We Help You With Portfolio Management
Our approach blends research, judgement and long-term discipline.
Each stage moves the portfolio from scattered holdings to a clearer, more intentional investment structure.
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Discover
Understanding Your Complete Portfolio
We begin with your goals, timelines, income pattern, responsibilities and risk comfort. Your portfolio should reflect your life, not the market mood.
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Simplify
Full Portfolio Audit → Consolidation & Simplification
We review everything you own – mutual funds, stocks, ESOPs, fixed income, EPF, NPS and past products – to identify duplication, gaps and inefficiencies. Then we simplify scattered accounts and remove unnecessary holdings so your portfolio becomes lighter and easier to manage.
If EPF and NPS make up a large share of what you're consolidating, our retirement planning advisory shows how those assets fit into your retirement corpus target.
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Structure
Asset Allocation Design
We create a clear structure that divides your money into safety, growth and long-term compounding. This is the foundation of professional portfolio management.
For Indian residents who want to invest globally, Moneyvesta also offers global investing guidance for Indian residents investing through GIFT City or US stocks.Read about our investment philosophy to understand the thinking behind this structure in more detail.
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Integrate
Integration of Mutual Funds and Stocks
Your entire portfolio is built as one system – mutual funds complement equity holdings and stock exposure complements long-term goals. Nothing overlaps without intention.
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Sustain
Ongoing Oversight & Rebalancing
We monitor your portfolio through market cycles and rebalance when required to maintain stability, reduce emotional decisions, and keep you on track.
See the common bull market mistakes that catch investors without a rebalancing discipline like this one.
WHAT YOU RECEIVE
Our Portfolio Management Advisory Service Includes
You receive a unified, long-term strategy that brings all your investments together. Everything you need to see, decide and stay on track.
Visibility & Structure
- Consolidated view of all holdings
- Allocation across mutual funds, stocks and fixed income
- Clarity on the purpose of each asset
Risk & Discipline
- Structured handling of ESOPs and variable income
- Liquidity and emergency planning
- Quarterly reviews and rebalancing
Tax & Ongoing Guidance
- Tax aware portfolio design
- Ongoing personalised recommendations
Your money finally moves in one direction.
Who This Is For
Built For Professionals With Growing Portfolios and Growing Complexity
If your wealth has grown but the structure lagged behind, portfolio
management advisory service gives you the discipline to scale.
If you also want your cash flow, taxes and family goals brought into the
same plan, wealth management extends this structure across your full
financial life.
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Senior Tech & Consulting
Time-poor, research-first professionals.
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BFSI & Product Leaders
Complex comp, bonuses & ESOPs.
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Founders & Entrepreneurs
Business-linked cashflows, liquidity events.
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CXOs / Multi-Income
Multiple accounts; need consolidation.
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NRIs with India Assets
Jurisdictions, taxation, repatriation.
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Families / ESOP Holders
MF + stocks + ESOPs; need a blueprint.
This advisory is often relevant for investors operating in capital-intensive markets such as Mumbai's business owners and growth-driven ecosystems like Bangalore's tech professionals .
BENEFIT
A Portfolio You Can Understand and Trust
Once your investments are unified:
- You know why each holding exists.
- You stop reacting to short-term noise.
- You feel confident staying invested.
- You understand your liquidity and long-term buckets.
- You see your wealth moving in one direction rather than pulling against itself.
This is where clarity transforms into confidence.
Talk to a SEBI-Registered AdvisorFrequently Asked Questions About Portfolio Management Advisory
What are portfolio management services (PMS), and does Moneyvesta offer them?
Portfolio management services (PMS) is the term for professionally managed, direct-equity-focused investment offerings run by a SEBI-licensed Portfolio Manager under the SEBI (Portfolio Managers) Regulations. Moneyvesta operates as a SEBI-registered Investment Adviser and offers portfolio management advisory - a fixed-fee, research-led approach to structured portfolios, built around asset allocation, sector diversification and quarterly reviews.
What is the minimum investment for PMS, and is it different for portfolio management advisory?
SEBI sets the minimum investment for Portfolio Management Services at ₹50 lakh. Moneyvesta's portfolio management advisory has the same ₹50 lakh minimum, so the starting capital required is identical either way - what differs is the fee structure and who controls execution.
What does Moneyvesta mean by portfolio management advisory service?
We provide fee only guidance to help you structure, monitor, and refine your investments. We evaluate current holdings, design a personalized portfolio plan, guide compliant implementation, and maintain discipline through ongoing reviews.
What is the minimum investment for portfolio management advisory?
The minimum investment for portfolio management advisory is Rs. 50 lakhs.
How is this different from investing in mutual funds directly?
Portfolio advisory typically involves direct equity holdings managed specifically for your account, with more concentration and customization than a pooled mutual fund, and generally requires a higher minimum investment.
How does a fixed advisory fee compare to a percentage-based PMS fee?
SEBI caps a Registered Investment Adviser's fixed-fee mode at ₹1,51,000 a year per client family, while AUM-based and profit-sharing fees common in the PMS industry scale directly with portfolio size. In one worked comparison, a capped fixed fee came out cheaper than both an AUM-based and a profit-sharing structure at every portfolio size tested, from ₹50 lakh to ₹30 crore.
Is Moneyvesta a licensed Portfolio Manager?
No. Moneyvesta is a SEBI-registered Investment Adviser. A licensed Portfolio Manager operates under a separate regulatory framework, the SEBI (Portfolio Managers) Regulations, 2020, with its own registration and rules.
Is Moneyvesta regulated for providing portfolio management advisory service?
Yes. Moneyvesta Capital Services Private Limited is a SEBI Registered Investment Advisor with RIA number INA000018407.
How is Moneyvesta different from portfolio management service (PMS) or distributors?
Portfolio managers execute and hold client funds. Distributors earn commissions from products. Moneyvesta is a fee only advisor that provides independent portfolio guidance with no commissions and no product bias.
How often do you review client portfolios?
We track portfolios continuously. Formal reviews are conducted quarterly and rebalancing guidance is provided when data indicates it is required.
Can you help consolidate multiple portfolios or advisors?
Yes. We specialize in simplifying and aligning portfolios built across banks, brokers, or apps into one clear, research backed strategy.
How do you charge for portfolio management advisory service?
Moneyvesta operates on a fee only model. Our compensation comes solely from clients, which removes product bias and keeps advice aligned with your goals.
Do you also help with portfolio tax optimization?
Yes. Every recommendation considers tax efficiency and liquidity so your portfolio grows smartly after taxes.
Do you offer portfolio management advisory services only in specific cities, or can clients from anywhere work with you?
We serve clients across all major cities in India and abroad. Our portfolio management advisory is fully digital and designed for busy professionals - so whether you are in Gurgaon, Bangalore, Mumbai, Hyderabad, Pune, Chennai, Delhi NCR or living abroad (US, UK, Middle East, Singapore), you receive the same research-backed guidance, allocation advice and regular reviews. Your location does not limit the depth or quality of our advisory.
Who benefits most from portfolio management guidance service?
Professionals, entrepreneurs, and global Indians who want structured, compliant, and transparent portfolio oversight built on research and discipline.