New Delhi, June 17 -- Mutual funds pool money from multiple investors, and the fund manager creates a portfolio in line with a fund's respective mandate.

On the other hand, Portfolio Management Services (PMS) offers a personalised investment experience where portfolios are tailored to an individual's financial goals, risk appetite, and preferences. However, this customisation comes with a significantly higher minimum investment requirement.

So, let's understand the difference between mutual funds and PMS in detail and find out which one is right for you.

A mutual fund is an investment vehicle that pools money from multiple investors and invests it in different instruments such as equities, bonds, or commodities, based on the fund type....