PMS returns are good and these are generally looked at from the long term horizon.Generally, PMS services come to you with a track record of past performance, which may work as a indicator of the efficiency of the Fund Managers.Portfolio Management Services are offered by Banks & independent qualified professionals who are experts in managing other money. The general pattern is PMS returns are higher than the regular returns from the market as the extra effort is taken by the PMS professional in handling the money of the investor with extra care & personal touch. Moreover, as the PMS managers are professionals in the market and they do a better job in trading & investing as well than any other normal market participant. Usually, there will be a predefined time frame for any PMS service offered by an institution or bank as it works for a specific period like 5 years or 8 years or 10 years or any agreed period between the PMS service provider & the client.