PRIM, distributors, advisers and PMS compared
Four ways to get help with your investments. The right one depends on how much you invest and how much you want to decide yourself.
| Feature | PRIM | Mutual fund distributor | Investment adviser (RIA) | Regular PMS |
|---|---|---|---|---|
| Who manages the money | SEBI-registered portfolio manager, with your consent to act | You decide; the distributor suggests and executes | You decide and act on the adviser's advice | SEBI-registered portfolio manager |
| What it holds | Mutual funds, ETFs, index funds and SIFs only | Mutual funds | Whatever the advice covers | Stocks, bonds, mutual funds and more, within SEBI limits |
| Plan type | Direct plans only | Regular plans | Direct plans | Direct plans for any mutual fund units |
| Minimum | ₹25 lakh | Scheme minimum | None set by SEBI | ₹50 lakh (accredited investors exempt) |
| How they are paid | Your fee: fixed up to 1% a year, plus any performance fee | Commission from the fund house, built into the regular plan | Your fee, within SEBI's limits for advisers | Your fee: fixed and/or performance |
| Portfolio-level reporting | Yes, as one managed portfolio | Usually a consolidated statement | Depends on the adviser | Yes |
| Registration | Portfolio manager registration (PRIM-only: ₹2 crore net worth) | AMFI registration (ARN) | SEBI investment adviser registration | Portfolio manager registration (₹5 crore net worth) |
PRIM details are from the SEBI (Portfolio Managers) Regulations, 2026, effective 1 April 2027. Operating details are still due from SEBI. Fee limits for advisers and distributor commissions vary; check the current SEBI and AMFI rules.
PRIMSetu ఒక స్వతంత్ర సమాచార సేవ. దీనికి SEBIతో ఎలాంటి సంబంధం లేదు; ఇది పెట్టుబడి సలహా ఇవ్వదు, ఏ స్కీమ్నూ లేదా పోర్ట్ఫోలియో మేనేజర్నూ సిఫార్సు చేయదు.