Interpreted Prediction
A PMS fund manager must outperform the benchmark by at least 3-4% for the investor to break even after considering additional taxes incurred in PMS compared to mutual funds.
AI Evaluation Notes
The prediction is based on a general principle regarding tax implications and performance requirements in PMS versus mutual funds. While precise numbers may vary depending on specific tax rates and investment scenarios, the core idea that a PMS fund manager needs to outperform the benchmark to compensate for higher taxes seems directionally correct, making it somewhat accurate.