Industry veteran claims mutual funds getting straight-jacketed; PMS better

While PMSes and mutual funds are both professionally managed, in the case of the former, the investor owns the underlying asset, unlike in the latter, where they own units representing the stock.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/industry-veteran-claims-mutual-funds-getting-straight-jacketed-pms-better/articleshow/79526400.cms