Both PMS and Mutual Funds may look similar because on the face of it, they both do similar jobs – managing your fund and providing the best possible returns on them. However, there exist significant differences between the two. If one were to give an analogy when comparing mutual funds (MF) and portfolio management services (PMS), one could take the case of wanting to buy a bespoke, customised suit vs buying a ready-made suit at a retail shop. Sure, both are suits, but there are marked differences.
