Compare India's Portfolio Management Services (PMS) — Returns & Rankings

TWRR Returns Across 6M · 1Y · 5Y · Since Inception — curated deep dives from 400+ strategies · Updated monthly
400+
Strategies
100+
Curated Deep Dives
8
Categories
₹50 Lac
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Browse Portfolio Management Services (PMS) Strategies below

This dashboard lists 400+ equity Portfolio Management Services (PMS) strategies registered in India, sorted by AUM and filterable by category. Returns are Time-Weighted Rate of Return (TWRR), already net of fixed fees — the SEBI-mandated standard that makes every strategy comparable. The top 10 strategies are fully visible; unlock the rest with a quick OTP to sort, rank, and explore the complete universe.

Provider ⇅ Strategy Category ⇅ AUM ₹Cr ⇅ 6M 🔒 1Yr 🔒 5Yr 🔒 Since Inception 🔒 Rating 🔒
360 One Customised Discretionary Portfolio Large Cap 14,728 -1.0 +0.3 +12.5 +13.5 Consistent Performer
Icici Prudential Pms Contra Strategy Flexi Cap 13,837 -1.4 +2.0 +17.5 +18.0 Consistent Performer
Valuequest Investment Alpha Small Cap 11,992 +10.5 +8.3 – +21.8 Recent Performer
Buoyant Capital Opportunities Pms Flexi Cap 11,548 -0.1 +5.1 +20.2 +20.8 Consistent Performer
Stallion Asset Asset Core Fund Flexi Cap 8,102 +10.8 +12.4 +24.6 +28.1 Consistent Performer
Icici Prudential Pms Pipe Strategy Small Cap 7,830 +4.5 +6.5 +22.2 +25.1 Consistent Performer
Abakkus All Cap Approach Flexi Cap 7,767 0.0 +5.3 +14.5 +23.0 Consistent Performer
Dezerv Investments Equity Revival Strategy Flexi Cap 6,973 -2.9 -0.7 – +16.6 Recent Performer
Abakkus Emerging Opportunities Approach Mid Cap 5,943 +0.4 -1.7 +16.3 +26.4 Consistent Performer
Carnelian Asset Shift Strategy Flexi Cap 5,699 +7.5 +5.8 +21.4 +32.3 Consistent Performer
Alchemy Capital Select Stock Flexi Cap 4,875 🔒🔒🔒🔒 🔒
Motilal Oswal Next Trillion Dollar Opportunity Strategy Multi Cap 4,490 🔒🔒🔒🔒 🔒
Motilal Oswal Founders Portfolio Flexi Cap 4,097 🔒🔒🔒🔒 🔒
Carnelian Asset Bespoke Portfolio Flexi Cap 3,645 🔒🔒🔒🔒 🔒
Valuequest Investment Platinum Flexi Cap 3,428 🔒🔒🔒🔒 🔒
Motilal Oswal Value Migration Strategy Flexi Cap 3,236 🔒🔒🔒🔒 🔒
360 One Multicap Pms Multi Cap 3,070 🔒🔒🔒🔒 🔒
Whiteoak Capital India Pioneers Equity Portfolio Flexi Cap 2,946 🔒🔒🔒🔒 🔒
Aequitas Investment India Opportunities Product Small Cap 2,637 🔒🔒🔒🔒 🔒
Motilal Oswal Mid To Mega Strategy Mid Cap 2,286 🔒🔒🔒🔒 🔒
Carnelian Asset Capital Compounder Strategy Flexi Cap 2,094 🔒🔒🔒🔒 🔒
Valuequest Investment Growth Flexi Cap 2,020 🔒🔒🔒🔒 🔒
Sundaram Alternate Sisop Flexi Cap 1,865 🔒🔒🔒🔒 🔒
Abakkus Personalised Opportunity Specific Flexi Cap 1,771 🔒🔒🔒🔒 🔒
Green Lantern Glc Growth Fund Mid Cap 1,769 🔒🔒🔒🔒 🔒
360 One Phoenix Portfolio Flexi Cap 1,754 🔒🔒🔒🔒 🔒
Marcellus Investment Consistent Compounders Large Cap 1,666 🔒🔒🔒🔒 🔒
Icici Prudential Pms Growth Leaders Strategy Flexi Cap 1,622 🔒🔒🔒🔒 🔒
Axis Securities Securities Pure Contra Flexi Cap 1,561 🔒🔒🔒🔒 🔒
Equitree Capital Emerging Opportunities Small Cap 1,512 🔒🔒🔒🔒 🔒
360 One Mandate - Equity Flexi Cap 1,448 🔒🔒🔒🔒 🔒
Icici Prudential Pms Ace Strategy Flexi Cap 1,423 🔒🔒🔒🔒 🔒
Abakkus Diversified Alpha Approach Flexi Cap 1,328 🔒🔒🔒🔒 🔒
Icici Prudential Pms Value Strategy Flexi Cap 1,148 🔒🔒🔒🔒 🔒
Ambit Investment Coffee Can Portfolio Large Cap 1,127 🔒🔒🔒🔒 🔒
Valuequest Investment Vision Flexi Cap 1,081 🔒🔒🔒🔒 🔒
Dezerv Investments Dezerv. Alpha Focus Strategy Flexi Cap 1,033 🔒🔒🔒🔒 🔒
Sundaram Alternate S.E.L.F Mid Cap 1,027 🔒🔒🔒🔒 🔒
Icici Prudential Pms Prime Strategy Flexi Cap 1,021 🔒🔒🔒🔒 🔒
Counter Cyclical Diversified Long Term Value Flexi Cap 972 🔒🔒🔒🔒 🔒
Icici Prudential Pms Largecap Strategy Large Cap 879 🔒🔒🔒🔒 🔒
360 One Large Value Strategy Pms Large Cap 855 🔒🔒🔒🔒 🔒
Anand Rathi Impress Portfolio Flexi Cap 852 🔒🔒🔒🔒 🔒
Kotak Mahindra India Focus Portfolio Investment Approach Flexi Cap 841 🔒🔒🔒🔒 🔒
Sbi Funds Alpha Edge Flexi Cap 830 🔒🔒🔒🔒 🔒
Axis Securities Securities Pure Growth Flexi Cap 805 🔒🔒🔒🔒 🔒
Motilal Oswal Delphi 4C Advantage Portfolio Flexi Cap 790 🔒🔒🔒🔒 🔒
Alchemy Capital High Growth Flexi Cap 763 🔒🔒🔒🔒 🔒
Sbi Funds Aeon Alpha Portfolio Flexi Cap 736 🔒🔒🔒🔒 🔒
Alchemy Capital Smart Alpha 250 Mid Cap 732 🔒🔒🔒🔒 🔒
Nine Rivers Aurum Small Cap Opportunities Small Cap 706 🔒🔒🔒🔒 🔒
Sbi Funds Esg Portfolio Flexi Cap 655 🔒🔒🔒🔒 🔒
J M Apex Flexi Cap 638 🔒🔒🔒🔒 🔒
Wallfort Fund Diversified Flexi Cap 574 🔒🔒🔒🔒 🔒
Hdfc Asset Diversified Portfolio - Equity Flexi Cap 571 🔒🔒🔒🔒 🔒
Axis Securities Securities Kaizen Mid Cap 535 🔒🔒🔒🔒 🔒
Axis Securities Securities Customised Flexi Cap 520 🔒🔒🔒🔒 🔒
Ambit Investment Good & Clean Midcap Portfolio Mid Cap 439 🔒🔒🔒🔒 🔒
Abakkus Select Opportunities Strategy 2 Flexi Cap 436 🔒🔒🔒🔒 🔒
Ambit Investment Micro Marvels Portfolio Micro Cap 395 🔒🔒🔒🔒 🔒
Dezerv Investments Capital Reserve Strategy - Equity Flexi Cap 354 🔒🔒🔒🔒 🔒
Dezerv Investments Dezerv. Alpha Equity Strategy Flexi Cap 336 🔒🔒🔒🔒 🔒
Abakkus Select Opportunities Strategy Flexi Cap 335 🔒🔒🔒🔒 🔒
Narnolia Financial Multi Cap Strategy Multi Cap 332 🔒🔒🔒🔒 🔒
J M Focus Flexi Cap 325 🔒🔒🔒🔒 🔒
Iifl Capital Flagship Leaders Portfolio Large Cap 319 🔒🔒🔒🔒 🔒
Motilal Oswal India Growth Strategy Flexi Cap 314 🔒🔒🔒🔒 🔒
Iifl Capital Iiflbluealpha Large Cap 256 🔒🔒🔒🔒 🔒
Alchemy Capital Ascent Small Cap 247 🔒🔒🔒🔒 🔒
Sundaram Alternate Voyager Global Portfolio Global 245 🔒🔒🔒🔒 🔒
Icici Prudential Pms Emerging Leaders Strategy Mid Cap 240 🔒🔒🔒🔒 🔒
Icici Prudential Pms Multi-Manager - Core Equity Strategy Flexi Cap 223 🔒🔒🔒🔒 🔒
Sundaram Alternate Voyager Flexi Cap 218 🔒🔒🔒🔒 🔒
360 One Open - Enhancer Series - Passive Equity Enhancer Large Cap 176 🔒🔒🔒🔒 🔒
Anand Rathi Decennium Opportunity Portfolio Flexi Cap 154 🔒🔒🔒🔒 🔒
Marcellus Investment Curation-I Flexi Cap 154 🔒🔒🔒🔒 🔒
Abakkus Curated Personalized Portfolio Flexi Cap 149 🔒🔒🔒🔒 🔒
Narnolia Financial Mid And Small Cap Strategy Mid Cap 141 🔒🔒🔒🔒 🔒
Icici Prudential Pms Smart Strategy Flexi Cap 135 🔒🔒🔒🔒 🔒
Marcellus Investment Kings Of Capital Thematic 135 🔒🔒🔒🔒 🔒
Icici Prudential Pms Rising Stars Strategy Small Cap 130 🔒🔒🔒🔒 🔒
Marcellus Investment Little Champs Small Cap 129 🔒🔒🔒🔒 🔒
Carnelian Asset Contra Portfolio Strategy Flexi Cap 129 🔒🔒🔒🔒 🔒
Anand Rathi Mnc Portfolio Flexi Cap 127 🔒🔒🔒🔒 🔒
Alchemy Capital W.I.N Strategy Flexi Cap 124 🔒🔒🔒🔒 🔒
Sundaram Alternate Rising Star Small Cap 121 🔒🔒🔒🔒 🔒
Narnolia Financial Large Cap Strategy Large Cap 116 🔒🔒🔒🔒 🔒
Aditya Birla Innovation Portfolio Thematic 112 🔒🔒🔒🔒 🔒
360 One Open - Managed Solutions All Equity Flexi Cap 111 🔒🔒🔒🔒 🔒
Marcellus Investment Rising Giants Mid Cap 92 🔒🔒🔒🔒 🔒
Dezerv Investments Arbitrage Strategy Flexi Cap 86 🔒🔒🔒🔒 🔒
J M Growth And Value Flexi Cap 85 🔒🔒🔒🔒 🔒
Ambit Investment Emerging Giants Small Cap Portfolio Small Cap 82 🔒🔒🔒🔒 🔒
Motilal Oswal Ethical Strategy Flexi Cap 77 🔒🔒🔒🔒 🔒
Icici Prudential Pms Infrastructure Strategy Flexi Cap 73 🔒🔒🔒🔒 🔒
Marcellus Investment Marcellus' Curation Flexi Cap 72 🔒🔒🔒🔒 🔒
Motilal Oswal Focused Opportunities Strategy Flexi Cap 71 🔒🔒🔒🔒 🔒
Icici Prudential Pms Multi-Manager - Thematic Strategy Flexi Cap 71 🔒🔒🔒🔒 🔒
Kotak Mahindra Evolv Equity Investment Approach Mid Cap 67 🔒🔒🔒🔒 🔒
Whiteoak Capital India Business Leaders Pms Large Cap 65 🔒🔒🔒🔒 🔒
Green Lantern Gl Alpha Fund Flexi Cap 63 🔒🔒🔒🔒 🔒
Whiteoak Capital India Pioneers Equity Portfolio Stp Plan Flexi Cap 63 🔒🔒🔒🔒 🔒
Icici Prudential Pms Growth Leaders Shariah Strategy Flexi Cap 63 🔒🔒🔒🔒 🔒
Whiteoak Capital India Digital Leaders Flexi Cap 61 🔒🔒🔒🔒 🔒
Icici Prudential Pms T.I.M.E Strategy Flexi Cap 60 🔒🔒🔒🔒 🔒
Motilal Oswal Multifactor Equity Strategy Flexi Cap 59 🔒🔒🔒🔒 🔒
Sundaram Alternate Quant Flexi Cap 56 🔒🔒🔒🔒 🔒
Hdfc Asset All Cap Portfolio - Dpms Multi Cap 51 🔒🔒🔒🔒 🔒
Aditya Birla Core And Satellite Equity Portfolio Flexi Cap 51 🔒🔒🔒🔒 🔒
360 One Open - Managed Solutions Global Equity Global 10 🔒🔒🔒🔒 🔒
Motilal Oswal Microcap Multifactor Strategy Micro Cap 4 🔒🔒🔒🔒 🔒
Nine Rivers Aurum Micro Cap Opportunities Micro Cap 1 🔒🔒🔒🔒 🔒
All returns are Time-Weighted Rate of Return (TWRR), already net of fixed fees · Rating is a factual, data-derived classification — not an AND Fintech recommendation
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Check Alpha before investing

What is Alpha?
Alpha is how much a strategy earned above its benchmark index. If the benchmark returned 12% and the strategy returned 17%, its alpha is +5% — the value the fund manager added over simply owning the index. Positive alpha is skill; negative alpha means you'd have done better in a low-cost index.
Why consistency matters
One strong year can be luck — a single sector call that happened to work. Alpha that holds across both 1 year and 5 years, through different market cycles, is far harder to fake. That persistence is the closest signal to genuine, repeatable skill.
How we tag each strategy
Consistent Beats its benchmark over 1Y and 5Y
Recent Performer Beats 1Y but not 5Y
Underperformer Beats neither
New Fund Under 1 year old
A factual classification from published data — not a recommendation.
Unlock to view ranking by alpha in the Monthly Alpha Report →

How PMS is taxed

Same as direct equity
STCG 20% for holdings under 12 months · LTCG 12.5% above ₹1.25 lakh annually · every transaction in your demat is a taxable event — identical to holding stocks directly.
The churn factor
Strategies that trade more frequently to realise gains more often, generate more taxable events. A strategy's turnover, though not the only indicator for taxation, is worth checking with your advisor before you invest.
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Strategies ranked by alpha, refreshed monthly
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Frequently Asked Questions

What is PMS (Portfolio Management Services) in India?
PMS is a SEBI-regulated investment service where a professional fund manager runs an equity portfolio held directly in your own demat account, in your name. The minimum investment is ₹50 lakhs. While most PMS in India operate on a discretionary basis under a Power of Attorney, investors can also opt for non-discretionary PMS, where the provider executes transactions only at the investor's instruction.
What is the minimum investment for PMS in India?
SEBI has set the minimum investment for PMS at ₹50 lakhs. Individual strategies may set higher entry points. As a working rule, PMS suits investors for whom ₹50 lakhs is one allocation within a larger portfolio, not the majority of their investable wealth.
How is PMS taxed in India?
PMS is taxed exactly like direct equity. Every transaction in your demat account is a taxable event — STCG at 20% for listed equity held 12 months or less, LTCG at 12.5% above ₹1.25 lakh annually for longer holdings. Unlike mutual funds, there is no fund-level tax shield.
What does Alpha mean in a PMS strategy?
Alpha is the return a strategy generates above its benchmark index. If the benchmark returned 12% and the strategy returned 17%, it generated 5% alpha. Consistent positive alpha across 1 and 5 years indicates repeatable skill rather than a lucky cycle.
How do I choose the best PMS in India?
Look beyond last year's returns. Evaluate alpha across 1 and 5 years together; consistency across both periods indicates repeatable skill. Then verify fund manager tenure, strategy clarity, complete fee structure, and overlap with your existing holdings.
Which PMS categories can I compare here?
Our dashboard covers eight equity categories: Large Cap, Mid Cap, Small Cap, Micro Cap, Multi Cap, Flexi Cap, Thematic and Global. You can filter and compare strategies within each category by returns and alpha versus their benchmark.
What do the consistency tags mean?
Each strategy is tagged from its published alpha versus benchmark: "Consistent" beats its benchmark over both 1 year and 5 years; "Recent Performer" beats over 1 year but not 5 years; "Underperformer" beats over neither; "New Fund" is under one year old. These are factual, data-derived classifications, not recommendations.
How are Portfolio Management Services returns calculated?
All PMS returns in India are reported as TWRR — Time-Weighted Rate of Return — a SEBI-mandated standard. TWRR strips out the effect of investor cash-flow timing (deposits, withdrawals) so that published figures reflect pure investment decision-making. Fixed costs (management fee, brokerage, transaction taxes) are already deducted. Variable performance fees and personal taxes are not included, as these differ per investor.
What is the difference between PMS and mutual funds?
In a mutual fund, your money is pooled with other investors into units. In Portfolio Management Services, stocks are held directly in your own demat account — you see every holding and transaction. PMS has no single-stock concentration cap (mutual funds are limited to 10% per stock), allows covered call strategies, and requires a ₹50 lakh minimum. Mutual funds remain the right vehicle for the building phase; PMS enters when corpus, conviction, and comfort with direct ownership align.
Can NRIs invest in Portfolio Management Services in India?
Yes. NRIs, PIOs, and OCIs can invest in PMS in India, subject to FEMA regulations and RBI guidelines. The investment typically routes through an NRE or NRO account. TDS applies on gains, and the investor may claim DTAA benefits with proper documentation (Form 10F, Tax Residency Certificate). Specific requirements vary by PMS provider and country of residence.
PMS Section Disclaimer. AND Fintech (ARN-301536, APRN05170) is an AMFI-registered Mutual Fund Distributor and an APMI-registered PMS Distributor — not a SEBI-Registered Investment Adviser. All data is for educational and comparison purposes only and does not constitute investment advice or a recommendation. Performance data is compiled from official regulatory disclosures and updated monthly; while every effort is made to ensure accuracy, AND Fintech accepts no responsibility or liability for any errors, omissions, or discrepancies in the data, or for any decisions taken in reliance on it. Returns are TWRR, net of fixed costs but not variable performance fees or taxes. PMS investments carry market risk and require a minimum of ₹50 lakhs. Tax treatment depends on your individual situation and prevailing law — consult a qualified Chartered Accountant. Past performance is not indicative of future results. Please read all disclosure documents carefully before investing.

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