Blogs
How to Evaluate a PMS Track Record Beyond Returns?
A PMS track record means nothing if you only look at the headline return. Two managers can show 18% CAGR over five years one through a disciplined process, the other through leverage and lucky sector bets that dropped 60% before recovering. The number looks identical....
How Should HNIs Split Their Portfolio Between PMS and AIF?
There's no right PMS-to-AIF ratio it depends on liquidity needs, time horizon, tax situation, and how much of the corpus can stay locked. PMS gives listed equity exposure in your own name with anytime liquidity. A Category III AIF at GIFT City gives NRI HNIs USD...
What Is a Family Office and When Should You Form One?
A family office is a private entity that manages a wealthy family's investments, tax, legal, and estate planning under one roof without relying on banks or third-party wealth managers. Single-family offices serve one family exclusively; multi-family offices share...
SEBI Registered PMS List: What It Means and Why It Matters
Every portfolio manager operating in India must hold a valid SEBI registration, and SEBI maintains a public list of these entities. Checking a manager's name against this list confirms they're legally permitted to manage client portfolios and are bound by SEBI's...
Minimum Investment for PMS in India: SEBI Rules Explained
SEBI mandates a minimum investment of ₹50 lakh to open a Portfolio Management Services (PMS) account in India. The threshold is assessed once, at onboarding, applies to your total portfolio value rather than any single stock, and can be funded with cash, existing...
Can NRIs Invest in Indian PMS and How?
NRIs can invest in a SEBI-registered PMS using NRE or NRO funds, subject to FEMA compliance and a ₹50 lakh minimum. The portfolio is held in a dedicated demat and bank account in the investor's own name never pooled. Returns are taxed under Indian equity rules, and...
What Is a Category II AIF and Who Should Invest in One?
A Category II AIF is a SEBI-regulated Alternative Investment Fund that invests in unlisted equity, private debt, or real estate without leverage beyond operational needs. It's the structure most private equity and debt funds in India use, sitting between...
What Is GIFT City and How Do NRIs Invest in India via an AIF?
GIFT City (Gujarat International Finance Tec-City) is India's only International Financial Services Centre, and NRIs can invest in Indian equities through it via a Category III AIF in USD without navigating the NRE/NRO account complexity that onshore PMS requires. The...
How to Invest in PMS in India
PMS requires a minimum investment of ₹50 lakh and suits investors who want direct stock ownership, a concentrated portfolio, and a manager working solely on their behalf. The process: define your goals, shortlist SEBI-registered managers, review their strategy,...
PMS Minimum Investment
The minimum investment for Portfolio Management Services (PMS) in India is ₹50 lakh, as mandated by SEBI. This threshold applies at the time of onboarding, covers the full portfolio (not per stock), and can be met through cash, existing securities, or a combination of...