Portfolio Management Services (PMS) is a specialized investment service offered by financial institutions and professional money managers to high-net-worth individuals (HNIs) and institutional investors. PMS is designed to provide customized investment solutions tailored to the unique financial goals, risk tolerance, and preferences of each client. Here are key features and aspects of PMS:

1. Customization: PMS offers a high degree of customization in portfolio construction. The portfolio manager works closely with the client to understand their financial objectives, risk appetite, investment horizon, and any specific preferences they may have. This individualized approach allows for the creation of a portfolio that aligns with the client's goals.
   
2.  Professional Management: PMS is managed by professional portfolio managers or investment experts who have the expertise to make informed investment decisions. These managers use their knowledge and experience to select and manage a diversified mix of assets, including stocks, bonds, mutual funds, and other securities.
   
3. Diversification: Portfolio managers aim to achieve diversification within the portfolio to spread risk. They select a mix of asset classes, sectors, and securities to minimize the impact of poor performance in any single investment.
   
4.  Active Management: Unlike mutual funds or passive investment options like index funds, PMS is actively managed. Portfolio managers regularly monitor the portfolio, make investment decisions, and adjust asset allocations based on market conditions and investment objectives.
   
5.  Minimum Investment: PMS typically requires a higher minimum investment compared to mutual funds, making it accessible primarily to HNIs and institutional investors. The minimum investment amount can vary depending on the PMS provider and the specific strategy.
6. Transparency: PMS clients receive regular reports and statements detailing their portfolio's performance, holdings, transactions, and fees. This transparency allows clients to track the progress of their investments.
   

Investors considering PMS should conduct thorough due diligence, including evaluating the track record and reputation of the portfolio manager or PMS provider, understanding the fee structure, and ensuring that the investment strategy aligns with their financial goals and risk tolerance. PMS can be a suitable option for those seeking personalized, actively managed investment solutions and who meet the minimum investment requirements.