The main PMS alternative for retail investors in India is a model portfolio subscription from a SEBI-registered research analyst or adviser. PMS needs ₹50 lakh minimum and charges about 2% a year plus a profit share; model portfolios have no minimum, cost a flat monthly fee and run in your own demat account.
Updated:
| PMS minimum | ₹50 lakh (SEBI) |
|---|---|
| PMS fees | About 2–2.5% a year plus 15–20% profit share |
| Model portfolio minimum | None |
| Model portfolio fees | Typically ₹999–5,000 a month |
| Who holds the money | PMS: the manager under power of attorney. Model portfolio: you, in your own demat account |
Portfolio Management Services (PMS) in India require a minimum investment of ₹50 lakhs, charge 2-2.5% management fees plus 15-20% profit share, and often come with lock-in periods. This puts professional portfolio management out of reach for the vast majority of Indian retail investors. Model portfolio subscriptions offer an accessible alternative. SEBI-registered Research Analysts create curated stock portfolios based on specific investment strategies — value investing, momentum, sectoral bets, or quantitative approaches. Retail investors subscribe to these portfolios and execute the recommended trades through their existing broker accounts on platforms like Zerodha, Groww, Angel One, Upstox, or Dhan. Subscription fees typically range from ₹999 to ₹5,000 per month, with no minimum investment requirement. Unlike PMS where a fund manager trades on your behalf using a power of attorney, model portfolio subscribers retain full control of their demat and trading accounts. You see every trade before executing it, maintain complete transparency on holdings, and can exit at any time with no lock-in penalties. All model portfolio advisors on AlphaQuark are SEBI-registered Research Analysts or Registered Investment Advisers, providing the same regulatory oversight as PMS providers. AlphaQuark marketplace enables retail investors to browse SEBI-registered advisor portfolios, compare track records, subscribe to strategies that align with their investment goals, and execute rebalancing trades with a single click through their linked broker account.
SEBI mandates a minimum investment of ₹50 lakhs for Portfolio Management Services. Combined with management fees of 2-2.5% annually and profit-sharing of 15-20%, PMS is designed for high-net-worth individuals. An estimated 99% of Indian retail investors cannot meet this minimum threshold.
SEBI-registered Research Analysts create curated model portfolios that retail investors can subscribe to from as low as ₹999 per month. Subscribers execute trades through their own broker accounts, maintaining full ownership and control of their investments.
PMS requires ₹50L minimum, charges 2% + 20% fees, uses power of attorney, and has lock-in periods. Model portfolios have no minimum, charge flat subscription fees of ₹999-5,000/month, let you trade through your own broker, and have no lock-in. Both are SEBI-regulated.
Browse SEBI-registered advisor portfolios on the AlphaQuark marketplace. Subscribe to strategies matching your investment goals. Link your broker account (Zerodha, Groww, Angel One, Upstox, Dhan). Execute recommended trades with one click. Track portfolio performance in real-time.
All advisors on AlphaQuark are SEBI-registered Research Analysts or Registered Investment Advisers. SEBI registration ensures compliance with disclosure requirements, conflict-of-interest guidelines, and investor grievance mechanisms — providing the same regulatory protection as PMS.
A model portfolio subscription from a SEBI-registered research analyst or investment adviser. There is no ₹50 lakh minimum, fees are flat, and you trade in your own broker account.
Model portfolios must come from a SEBI-registered Research Analyst or Investment Adviser, who follow SEBI disclosure, conflict-of-interest and grievance rules. PMS providers are regulated under the separate PMS regulations.