A portfolio is collection of assets. In portfolio management these assets  are financial in nature. The portfolio manager invests the money in diverse assets with the aim of maximizing returns and minimizing the risk.

Portfolio manager means any person who pursuant to a contact with a client undertakes the management of a portfolio of securities or the funds of the client.

Portfolio management can be institutional in nature. The mutual funds are a kind of portfolio schemes. Recently many new Pension Funds have been launched. These funds also have to build a portfolio so that a return can be generated for the participants.