The portfolio manager creates a portfolio of securities that suits the investment objectives and risk appetite of the client. The portfolio manager follows a disciplined investment approach and may invest in various asset classes such as equities, fixed income, commodities, etc. depending on the investment mandate of the client.

The portfolio manager charges a fee for their services, typically based on a percentage of the assets under management (AUM). The fee structure can be either performance-based or a fixed fee. In some cases, the portfolio manager may also charge a brokerage fee for executing trades.

PMS offers several benefits to investors such as professional management of investments, personalized investment advice, diversified investment portfolio, and access to exclusive investment opportunities. However, investors must carefully evaluate the performance of the portfolio manager and the associated costs before investing in PMS.

It is important to note that PMS is a regulated activity in India and is governed by the Securities and Exchange Board of India (SEBI). Investors must ensure that the portfolio manager is registered with SEBI and comply with the regulatory requirements before investing in PMS.