Debt PMS
A managed lending desk inside your own demat. Instead of one FD, a manager runs a basket of high-yield bonds paying 11 to 13%. Each one visible, each one in your name.
A SEBI-registered PMS holding high-yield corporate bonds and structured debt directly in your demat account. The manager picks and rotates the credits. Coupons flow to you. Higher carry than traditional debt, with only a short lock-in.
By Yash Jhaveri, Founder & CEO, Beyond
Beyond · JSL Wealth Management · Vadodara · ARN XXXXX
Last reviewed September 2026 · Regulatory position as at September 2026
The job it does
- Double-digit income with full portfolio transparency
- A middle path between FD+ and locked private credit
- Regular coupon cashflow with a short lock-in
Why people use it
- Every bond visible in your own account — no unit-NAV opacity
- Short 3-month lock-in, then exits settle in days
- Coupon ladder can be built around your cashflow needs
What can go wrong
- Credit risk is the engine — a default hits directly
- High-yield bonds can trade thin in stressed markets
- Interest income gets no long-term tax shelter
Quick answers
What is the minimum investment in Debt PMS?
₹50 L. Typical horizon 6 months – 2+ yrs; liquidity Min 3-month lock-in, then days.
How is a Debt PMS taxed?
Coupons and bond gains are taxed at slab rate in your hands. No long-term capital-gains concession.
What can go wrong with Debt PMS?
Credit risk is the engine — a default hits directly. High-yield bonds can trade thin in stressed markets. Interest income gets no long-term tax shelter.
Can an NRI invest in Debt PMS?
Debt PMS available to NRIs via NRO; coupon TDS applies — obtain a CA computation.
Does Debt PMS belong in your architecture?
Seven questions narrow thirteen structures to a shortlist.
Education, not advice. We may earn referral fees when you invest through us. Full disclosures