AND Fintech Blog
Actionable insights on wealth creation, mutual funds, retirement planning and more — written for the discerning Indian investor.
PMS Exit Strategy: When to Redeem, How Exit Loads Work, and Tax-Loss Harvesting SLUG: pms-exit-strategy-redemption-tax-loss-harvesting
Every PMS guide tells you how to invest. Nobody covers how to leave. Here's the exit playbook: when to redeem, how exit ...
How to Evaluate a PMS Fund Manager - 7 Questions Beyond the Returns Sheet
A PMS returns sheet tells you past numbers. It doesn't tell you whether the manager will repeat them. Here are 7 questio...
PMS for NRIs: Which Countries Are Eligible, and What Changes After Budget 2026? SLUG: pms-nri-eligible-countries-budget-2026
Not every NRI can invest in PMS in India without restrictions. Here's a country-by-country breakdown of eligibility rule...
The Real Cost of PMS: A Rs 1 Crore Fee Simulation Over 5 Years SLUG: pms-fees-simulation-1-crore-5-years
What do PMS fees actually cost over 5 years on a Rs 1 Crore investment? We run the numbers - fixed fee, performance fee ...
What Happens Inside Your Demat When You Invest in PMS - A Transaction-Level Walkthrough
Every PMS guide says "stocks are held in your demat." But what does that actually look like? Here's a transaction-level ...
Beta, Standard Deviation and Maximum Drawdown - 3 Risk Numbers Every PMS Investor Should Know
Your PMS report shows Beta 1.3, Std Dev 18% and Max Drawdown -22%. Should you worry? Here's what each risk metric means,...
PMS Tax Filing Guide 2026: Schedule CG, Advance Tax and What Your CA Needs From You
Your PMS generated 47 buy-sell transactions this year. How do you file them? Here's the practical tax filing guide: whic...
Large Cap vs Mid Cap vs Small Cap vs Flexi Cap PMS - How to Pick the Right Category
400+ PMS strategies in India fall into distinct market-cap categories - each with different return profiles, volatility,...
PMS vs AIF - Which One Should a Rs 1 Crore+ Investor Choose?
PMS gives you direct stock ownership. AIF gives you access to private markets. With Rs 1 Crore+ to deploy, which structu...
Sharpe Ratio, Sortino Ratio and Jensen's Alpha - What They Mean for Your PMS
Three numbers that separate lucky fund managers from skilled ones. Here's what Sharpe Ratio, Sortino Ratio and Jensen's ...
How NRIs Can Invest in PMS in India - Process, Documents, Taxation and Repatriation
A step-by-step guide for NRIs looking to invest in Portfolio Management Services in India - covering account setup, FEMA...
5 Questions to Ask Before Signing a PMS Agreement
Before investing in a PMS, ask five important questions: who manages the strategy and for how long, whether the investme...
How to Read a PMS Dashboard Like a Professional
The blog explains a simple 5-step approach to compare PMS strategies professionally: choose the right category, review r...
Why We Track Alpha Across 1 and 5 Years - Not Last Year's Winners
The best PMS strategy isn't necessarily the one with the highest recent returns. Consistent Alpha across both 1-year and...
What is Alpha? The Only Number That Tells You If a Fund Manager Adds Value
Alpha measures how much a PMS strategy outperforms its benchmark, making it one of the best indicators of a fund manager...
PMS vs Mutual Fund vs AIF vs SIF - Which Structure Fits Which Stage
Mutual Funds, SIFs, PMS, and AIFs are designed for different investment stages and goals. Mutual funds are ideal for bui...
Covered Calls: How PMS Generates Income From Stocks You Already Hold
Covered calls allow PMS managers to generate additional income by selling call options on stocks already held in the por...
When Did You Last Check the Real Returns on Your Direct Equity Portfolio?
Many direct equity investors focus on absolute gains instead of annualised (CAGR/XIRR) returns, making it difficult to k...
What Are Portfolio Management Services? India's ₹50 Lakh Question, Answered Simply
Portfolio Management Services (PMS) is a SEBI-regulated investment solution where a professional fund manager manages a ...
₹50 Lakhs: Why SEBI Set the PMS Entry Bar Where It Did
SEBI's ₹50 lakh minimum for PMS is a regulatory safeguard, not just an investment requirement. PMS is best suited for ...
Discretionary vs Non-Discretionary PMS: Who Actually Controls Your Money
Discretionary PMS allows the portfolio manager to make investment decisions on your behalf, while non-discretionary PMS ...
PMS Taxation Explained: What Every Direct Equity Investor Already Knows
PMS is taxed just like direct equity. Every buy and sell transaction in your portfolio can create a taxable event, with ...
The 10% Rule Mutual Funds Must Follow - And Why PMS Doesn't
Mutual funds are limited by SEBI to a maximum of 10% investment in a single stock, ensuring broad diversification. PMS h...
How PMS Fees Actually Work: Fixed, Variable, and High Watermark Explained
PMS fees typically include a fixed fee, a performance-based fee, or a combination of both. Key concepts like the hurdle ...
TWRR Decoded: What PMS Return Figures Include - And What They Don't
TWRR (Time-Weighted Rate of Return) is the SEBI - standard method for reporting PMS performance. It measures a manager's...
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