Stick primarily to mutual funds

While PMS and AIF are exotic, mutual funds score on simplicity and steady returns

The number of investors in Portfolio Management Schemes (PMS) has been increasing steadily. According to the the Securities and Exchange Board of India’s (Sebi) website, the number of discretionary PMS investors have gone up from 39,306 in January, 2015 to 65,745 in December, 2016 — an increase of 67 per cent in the number of PMS investors getting added. 

But it continues to be an enigma for many investors. Some think that it is a proxy for mutual funds (MFs). As the bull cycle matures, they believe the select stock-picked portfolios would do well. Some believe due to concentration, PMS