Discretionary, advisor-managed global portfolios. You own the securities directly — managed by a dedicated portfolio manager registered with IFSCA.
Discretionary global portfolio management — you own securities directly in a demat account. Concentrated, high-conviction strategies for HNI investors who want active global equity management beyond passive index funds.
PMS taxation for residents: Unlike mutual funds, each PMS transaction creates a taxable event in the investor's hands. LTCG (above 24 months) at 12.5% + surcharge. STCG (below 24 months) at applicable slab rate (max 30%) + surcharge. PMS manager provides trade statements; you file via ITR. 20% TCS on LRS remittances above INR 10 lakh — refundable via ITR. 18% GST applies to management and performance fees. Always consult your CA before investing.