Portfolio Management Services and Alternative Investment Funds, explained honestly and distributed under APMI registration.
In a Portfolio Management Service, a SEBI-registered portfolio manager runs a portfolio for you alone. The securities sit in your own demat account, in your name. Nothing is pooled.
Because the mandate is individual, the portfolio can be far more concentrated than a mutual fund: fifteen to twenty-five stocks is common. SEBI sets the minimum investment at ₹50 lakh, and fees are typically a fixed percentage, a performance share above a hurdle, or a mix of both. Every rupee of it must be disclosed to you.
Most PMS mandates are discretionary: the manager acts within an agreed strategy without asking you trade by trade. Non-discretionary variants exist for investors who want the final say.
An Alternative Investment Fund is a pooled, privately offered vehicle with a SEBI minimum of ₹1 crore. Category I funds back startups and infrastructure; Category II covers private credit and private equity; Category III runs hedge-fund-style strategies on listed markets.
AIFs suit investors with a sizable, diversified base who want access to strategies public markets can't offer, and who can stay locked in for the fund's tenure.
We clarify what you want the money to do and whether PMS, AIF or neither is the right vehicle.
We shortlist SEBI-registered managers and walk you through strategy, fees, risks and track-record context.
Paperwork, reporting, reviews. One accountable relationship through the life of the investment.