Best PMS in India 2026

Portfolio Management,
built for serious
wealth creation.

India's most trusted platform for Portfolio Management Services. 400+ strategies. QRC-evaluated.

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Platform at a Glance
800+
UHNIs & NRIs Served
₹2200+
AUM in Cr
400+
PMS & AIF Strategies
23+
Cities
QRC Framework · IIM Ahmedabad Collaboration
400+ PMS & AIF Strategies Listed
Serving clients across 5+ Countries
Top Performers

Top 5 PMS Strategies

Performance-ranked across risk-adjusted metrics using our QRC framework. Updated monthly.

Company Name Strategy Category AUM (in Rs. Cr) 1Y 3Y 5Y SI Return
Green Lantern Capital LLP Growth Fund Small & Mid Cap ₹1,626.10 7.89% 37.85% 34.86% 23.17%
Carnelian Asset Management and Advisors Pvt Ltd Shift Strategy Small & Mid Cap ₹5,395.00 5.40% 23.74% 22.61% 31.65%
Wallfort PMS and Advisory Services LLP Diversified Fund Small & Mid Cap ₹489.07 4.20% 38.05% 26.57% 22.22%
Stallion Asset Pvt Ltd Core Fund Multi Cap & Flexi Cap ₹7,681.11 15.31% 39.14% 25.90% 28.02%
Sameeksha Capital Pvt Ltd Equity Fund Multi Cap & Flexi Cap ₹1,209.60 -1.10% 20.60% 17.50% 20.20%
Returns as of May 31, 2026 · Past performance is not indicative of future results
The Case for PMS

Why PMS outperforms
standard investing

Portfolio Management Services offer a fundamentally different investment experience — purpose-built for investors with ₹50 lakh or more in investable surplus.

1
Personalised Portfolio Construction
Unlike mutual funds, your portfolio is built specifically for your goals, risk appetite, and tax situation. No pooled vehicles, no forced co-ownership.
2
Direct Stock Ownership
Stocks sit in your own demat account. Full transparency on every holding, every transaction — not a unit in an opaque pool.
3
Concentrated, High-Conviction Bets
Elite PMS managers run focused portfolios of 15–30 stocks. Concentration, when managed by skilled hands, is what drives alpha — not diversification.
Feature PMS Mutual Fund
Direct ownership of stocks ✓ ✗
Personalised portfolio ✓ ✗
Concentrated strategy ✓ ~
Tax-loss harvesting ✓ ✗
Minimum investment ₹50 Lakh ₹500
SEBI regulated ✓ ✓
Performance-linked fees ✓ ✗
Access to niche strategies ✓ ✗
Quarterly investment review ✓ ✗
Who is PMS for? Investors with ₹50 lakh+ in investable surplus who want a genuinely differentiated investment approach — beyond the 2,000 mutual funds that tend to mirror benchmark indices.
Strategy Spectrum

Explore PMS by approach

Not all PMS strategies are the same. Match your philosophy to a manager.

Multi Cap PMS — The broadest mandate. Fund managers can invest across market caps, rotating as opportunities arise. Best suited for investors seeking diversified equity exposure without size-bias. Most consistent risk-adjusted returns in this category over 5-year+ periods.
Multi Cap · Growth
Green Lantern Capital — Growth Fund
AUM ₹1,626.10 5Y: 34.86%
Disciplined, long-term investment strategy led by experienced professionals. Focused on quality businesses and macro-aware investing, guided by a contrarian philosophy to create sustainable wealth.
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Multi Cap · Blend
Stallion Asset — PMS Portfolio
AUM ₹7,681.11 5Y: 25.90%
Research-driven portfolio backed by strong market expertise and proven wealth creation experience. Focuses on identifying high-potential opportunities with a blend of technical and fundamental insights.
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Multi Cap · Fundamentals
Abakkus — All Cap Approach
AUM ₹7,653.67 5Y: 15.12%
Alpha-focused strategy built on simplicity and strong fundamentals. Invests across market caps with a long-term vision, emphasizing clarity, discipline, and data-driven decision making.
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Multi Cap · Dynamic
Buoyant Capital — Multi Cap Strategy
AUM ₹10,812.77 5Y: 20.92%
Dynamic portfolio approach aimed at generating superior returns across market cycles. Actively optimized based on evolving market conditions with a long-term wealth creation focus.
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Small & Mid Cap PMS — Where India's compounding stories are born. These strategies target underfollowed companies with high growth potential. Higher volatility, but significantly higher return potential over 5+ year horizons. Best for investors with a 7+ year view and above-average risk tolerance.
Small Cap · Quality
Sameeksha Capital — Equity Fund
AUM ₹1,209.60 5Y: 17.50%
Quality-first PMS targeting companies undergoing transformation — or those not yet on the radar of most investors. Runs a focused 15–45 stock portfolio across market caps, with hard-coded position sizing rules built into proprietary in-house software.
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Small &Mid Cap · Diversified
Wallfort PMS — Diversified Fund
AUM ₹489.07 5Y: 26.57%
Systematic small & mid cap investing with a clear mandate: identify high-quality businesses early and buy them below intrinsic value... Liquidity-based position limits and sector exposure caps are baked into the process — not left to discretion.
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Small & Mid · Growth
Green Portfolio — Growth Strategy
AUM ₹508 Cr
Two differentiated strategies — Special Fund (flexi-cap, small/mid skew,) and Super 30 pure smallcap, turnaround focus. — both backed by a 5-star CRISIL rating. Deep bottom-up research, promoter-level access via Green Sharks podcast, and zero tolerance for governance slippages define the edge.
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Thematic PMS — Concentrated bets on structural megatrends. India's infrastructure buildout, the rise of financial services, consumption premiumisation, digital adoption. These strategies require conviction and patience — but deliver outsized returns when the thesis plays out.
Thematic · Multi Sector
Carnelian — Shift Strategy
AUM ₹5,395.00 5Y: 22.61%
Focused on structural shifts across sectors using a disciplined 5P framework. Invests in high-conviction ideas benefiting from long-term megatrends and evolving market dynamics
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Thematic · Healthcare
InCred — Healthcare Portfolio
AUM ₹617.43 5Y: 16.00%
Dedicated healthcare-focused strategy capturing growth across pharma, hospitals, and diagnostics. Positioned to benefit from rising healthcare demand and sector innovation.
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Value / Contrarian PMS — Patient capital, unloved opportunities. These managers buy businesses that the market misprices — temporarily hated sectors, out-of-favour management, or overly punished balance sheets. Contrarian investing demands deep research and emotional discipline. The payoff is asymmetric.
Contrarian · Multi Cap
Seers Enduring Portfolio
AUM ₹369.02 5Y: 30.53%
Focuses on deeply out-of-favour businesses with strong fundamentals and long-term potential. Built for patient investors seeking asymmetric upside.
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Contrarian · Multi Cap
Carnelian — Contra Strategy
AUM ₹130.00 5Y: -
Disciplined contrarian approach identifying mispriced opportunities across sectors. Invests with conviction during periods of market pessimism.
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Value · Multi Cap
Negen — Value Strategy
AUM ₹1133 Cr
Value-oriented investing focused on fundamentally strong companies available at attractive valuations. Emphasis on margin of safety and long-term wealth creation.
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Our Evaluation Edge

How we rank PMS strategies

The QRC framework — developed with IIM Ahmedabad — scores every PMS strategy across 9 risk-adjusted factors. Only top-quartile strategies make our recommended list.

Alpha Generation
Excess return vs benchmark — the purest indicator of whether a manager adds value beyond simply riding the market. Measured over rolling 1, 3, and 5 year periods.
Sharpe Ratio
Return per unit of total risk — compares excess returns to standard deviation. A Sharpe above 1.0 signals efficient use of the risk budget.
Sortino Ratio
Downside risk-adjusted return — penalises only negative volatility. More relevant for HNI capital preservation goals than standard Sharpe.
Up / Down Capture
Asymmetric alpha signal — Up Capture >100% means the manager outperforms in rallies; Down Capture <100% means they fall less in corrections. Both together = a genuine edge.
Consistency Ratio
Rolling outperformance frequency — % of rolling periods where the fund beats its benchmark. Filters lucky years from genuinely repeatable skill.
Max Drawdown & Recovery
Tail risk and resilience — how far the portfolio fell at its worst and how quickly it recovered. Essential for understanding investor experience in volatile periods.
Information Ratio
Consistency of alpha — alpha divided by tracking error. The highest-signal metric for evaluating active management quality over rolling periods.
QRC Composite Score
A weighted composite across all 9 factors. Only PMS strategies in the top quartile on QRC earn a place on our recommended list — reviewed every quarter.
Know Before You Invest

Who should invest in PMS?

Understanding eligibility, minimums, and what sets PMS apart from the alternatives.

SEBI Minimum
₹50L
SEBI mandates a minimum portfolio size of ₹50 lakh for any PMS investment. This is the regulatory floor.
  • Single strategy allocation
  • Direct demat account ownership
  • Regulated under SEBI PMS Regulations 2020
  • Dedicated relationship manager
Optimal Allocation
₹1–3 Cr
Our advisors recommend ₹1 Cr+ as the practical entry point, enabling multi-strategy diversification and meaningful portfolio construction.
  • 2–3 strategy diversification possible
  • Mix of growth, special situations & value
  • Full QRC-evaluated strategy matching
  • Dedicated relationship manager
  • Priority access to new strategy launches
Institutional Grade
₹5 Cr+
At ₹5 Cr+, the full spectrum of PMS and AIF strategies opens up. Bespoke multi-manager portfolio construction with active monitoring.
  • PMS + AIF combined allocation
  • Access to Cat I, II, and III AIFs
  • Crystal Gazing summit access
  • Direct fund manager interactions
  • Quarterly portfolio review calls
How We Work

Four steps to your
ideal PMS strategy

We don't sell products. We architect outcomes. Here's exactly how we match the right PMS to your profile.

01
Discovery Call
Our certified investment counsellor maps your financial goals, risk appetite, investment horizon, and liquidity needs. 30 minutes. No sales pitch.
02
QRC Strategy Shortlist
We run your profile against our QRC-ranked universe of 400+ strategies. Three to five strategies are shortlisted based on fit — not fund manager relationships or distributor commissions.
03
Deep Dive & Decision
Side-by-side comparison of shortlisted strategies: performance attribution, portfolio construction, fee structures, manager backgrounds. You decide — fully informed.
04
Onboarding & Monitoring
Paperless onboarding with your dedicated relationship manager. Quarterly portfolio reviews, monthly QRC updates, and direct access to our research team throughout.
Hear from our Clients

India’s Most Trusted and Best PMS & AIF Platform

Analytics Backed Quality Investing

Amit Idnani
Director Software & Services, ECOM Instruments GmbH
Nikunj Raval
Executive Director, JP Morgan Chase & Co.
Dhruva Phegade
Managing Director, (Deloitte – Offices of the US)
Stay Informed

PMS AIF WORLD reads

Sharp reads for investors navigating the world of alternative investing.

Platform · Research
How PMS AIF World Simplifies PMS & AIF Comparisons
Cutting through 400+ strategies to find the one that's right for you requires a framework — not a sales pitch. Here's how we do it.
Wealth · Strategy
How PMS & AIF Help in Long-Term Wealth Preservation
The real edge of alternative investments isn't just returns — it's the structural, tax-efficient, and risk-managed path to preserving compounding wealth.
Market · Insight
Why Smart Money Is Moving Towards Alternative Investments
India's HNI wealth is quietly rotating out of mutual funds and into PMS and AIFs. We break down exactly why — and what it means for your portfolio.
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