Best PMS in India in 2025 – All About PMS Services

Navigating the stock market on your own or considering a major investment often leads to seeking expert guidance. This search stems from the need to make informed decisions that optimize returns while reducing potential risks.

Enter Portfolio Management Service (PMS) – the ideal solution for such situations. This article will cover the key points to consider while choosing the top 10 PMS in India. A portfolio which has various asset classes like stocks, mutual funds, bonds, real estate and commodities as its base. Reputed and authorized intermediaries offer these services and help you make smart financial decisions and manage your portfolio for a fee.

Typically, a Portfolio Management Service (PMS) charges a combination of a management fee (around 2% of the investment) and a performance fee (around 20% of the profits) and exit penalties for early withdrawals. But the industry is getting competitive and the pricing models are getting more affordable. For instance, Dezerv Investments—a PMS that has consistently outperformed the BSE500TRI since its inception—charges 0% in management fees, positioning it as one of India’s most cost-effective PMS options.

What is Portfolio Management Service in India?

Portfolio Management Services give investors a chance to tap into the expertise of market insiders and get valuable insights and guidance in critical investment decisions. Now, let’s delve into the additional offerings they extend:

• Holistic Portfolio Management: PMS oversees all facets of managing your portfolio.
• Understanding Investor Goals: PMS providers comprehend your expectations for investment returns and individual preferences.
• Market Surveillance and Allocation: They vigilantly monitor the market and allocate your funds based on your requirements.
• Wealth-Driven Decision-Making: PMS providers make decisions geared towards augmenting your wealth.
• Stock Market Guidance: They offer valuable advice on activities in the stock market.

Characteristics of Portfolio Management Service

PMS service providers in India operate under the regulatory oversight of SEBI, managing portfolios that include both debt and equity. The minimum investment mandated by SEBI for PMS is INR 50 lakhs, although some providers may establish higher thresholds. Investors can choose from a range of model portfolios tailored to their financial goals, with options for customization if required.

Also Read: Brown Label ATM and 5 Other Amazing Types of ATMs You Didn’t Know About

Types of Portfolio Management Services

Portfolio Management Services can be broadly classified into three groups:

1. Discretionary Portfolio Management Service:

In this model, the portfolio manager possesses the freedom to invest in and manage the portfolio on behalf of investors without requiring their direct involvement. At present, the majority of service providers extend discretionary PMS.

2. Non-discretionary Portfolio Management Service:

This category operates in an advisory capacity, where the portfolio manager suggests appropriate investments aligned with the investor’s objectives and risk tolerance. The ultimate investment decision rests with the investor, while the portfolio manager oversees the execution.

3. Advisory Portfolio Management Service:

This service is comparable to advisory offerings tailored for high-value portfolios. The portfolio manager offers recommendations, and it is the investor’s responsibility to implement the suggestions.

Top 10 PMS in India – Performance Rankings

The ranking criterion for this list is based solely on performance over the past 12 months. Below are selected entries that have earned their spot among the top 10 best PMS in India, evaluated for their performance up until 28 February 2025.

• InCred Asset – Focused Healthcare Portfolio
• Stallion Assets – Core Fund
• InCred Asset – Healthcare Portfolio
• Equitree Capital – Emerging Opportunities
• Wallfort PMS – Diversified Fund
• Green Lantern – Growth Fund
• Capital 8 – Infinity Fund
• ithought Financial Consulting – SPHERE
• Valcreate Investment – IME Digital Disruption
• Pace Financial Investment Advisor – Tresor Secure

#1 InCred Asset – Focused Healthcare Portfolio – Best PMS in India 2025

The objective is to invest in equity and equity-related instruments, primarily in the healthcare space in India.

Fund Manager: Mr. Aditya Khemka
AUM: INR 51.05 crore
1-Year Returns: 38.63%

#2 Stallion Assets – Core Fund

The main goal of the proposed portfolio management product is to achieve capital appreciation over the medium and long term by investing in Indian equity markets.

Fund Manager: Mr. Amit Mohanlal Jeswani
AUM: INR 3,978.46 crore
1-year Returns: 24.98%
3-year Returns: 30.19%
5-year Returns: 30.23%

#3 InCred Asset Management – Healthcare Portfolio

The objective is to invest in equity and equity-related instruments, primarily in the healthcare space in India.

Fund Manager: Mr. Aditya Khemka
AUM: INR 254.77 crore
1-Year Returns: 24.05%
3-Year Returns: 24.19%

#4 Equitree Capital – Emerging Opportunities

Equitree Capital is a SEBI-registered Portfolio Management Service (PMS) dedicated to long-term value creation. It prioritizes responsible investing and strives to provide clarity in an uncertain world. The full alignment with investors’ interests ensures that it keeps them ahead of tomorrow’s challenges.

Fund Manager: Mr. Pawan Bharaddia
AUM: INR 400.58 crore
1-year Returns: 23.43%
3-year Returns: 35.06%
5-year Returns: 39.56%

#5 Wallfort PMS – Diversified Fund

Wallfort PMS and Advisory Services LLP aims to offer clients a framework designed to both preserve and grow their capital.

Fund Manager: Mr. Vijay Shyamsunder Bharadia
AUM: INR 108.21 crore
1-year Returns: 22.89%
3-year Returns: 32.80%
5-year Returns: 37.96%

#6 Green Lantern – Growth Fund

The fund strategy endeavors to generate superior risk-adjusted returns in varying market conditions by investing in mid- and small-cap companies. Ideal long-term investment (3-5 year Horizon) option for investors where we build a portfolio of companies that are Industry leaders, have the potential to generate healthy ROE, and are trading at a high margin of safety.

Fund Manager: Mr. Abhishek Bhardwaj
AUM: INR 842.63 crore
1-Year Returns: 20.46%
3-year Returns: 45.68%
5-year Returns: 47.72%

#7 Capital 8 – Infinity Fund

The objective is to achieve long-term capital appreciation by investing in equities. The strategy will build a diversified portfolio of high-quality companies across various sectors and market caps to deliver long-term growth.

Fund Manager: Ms. Panna Bhandari
AUM: INR 108.82 crore
1-year Returns: 19.59%

#8 ithought Financial Consulting – SPHERE

Long-Term Profit

Fund Manager: Mr. Shyam Sekhar
AUM: INR 546.56 crore
1-year Returns: 16.48%
3-year Returns: 21.75%

#9 Valcreate Investment – IME Digital Disruption

Invest in high-quality digital companies that possess strong competitive advantages and significant growth potential, utilizing a private equity (PE) approach for capital appreciation.

Fund Manager: Mr. Ashi Anand
AUM: INR 9.60 crore
1-Year Returns: 16.39%

#10 Pace Financial Investment Advisor – Tresor Secure

Enhance traditional fixed-income portfolios by incorporating precious metals to achieve steady returns with controlled volatility.

Fund Manager: Mr. Amit Goel
AUM: INR 30.8 crore
1-Year Returns: 16.26%
3-Year Returns: 11.22%

Also Read: Best Growth Mutual Funds in India

Best Portfolio Management Services in India – AUM Rankings

Here are the leading Portfolio Management Services (PMS) in India ranked by their Assets Under Management (AUM) as of March 2025:

#1 ENAM Asset Management (AUM – INR 39,774.88 crore) – Top PMS in India by AUM

Flagship Strategy Details
Investment Approach – ENAM India Equity
Fund Manager – Mr. Rajesh Khona
AUM – INR 20,029.26 crore
1-year Returns: 5.41%
3-year Returns: 16.36%
5-year Returns: 28.59%

#2 360 ONE Asset (AUM – INR 30,679.30 crore)

Flagship Strategy Details
Investment Approach – Customized Discretionary Portfolio – Equity
Fund Manager – Mr. Nishant Vass
AUM – INR 17,921.05 crore
1-year Returns: (20.72%)
3-year Returns: (3.26%)
5-year Returns: 2.38%

#3 Unifi Capital (AUM – INR 20,512.10 crore)

Flagship Strategy Details
Investment Approach – Blended- Rangoli
Fund Manager – Mr. Baidik Sarkar
AUM – INR 14,249.71 crore
1-year Returns: 2.53%
3-year Returns: 11.97%
5-year Returns: 34.62%

#4 Invesco Asset (AUM – INR 19,083.89 crore)

Flagship Strategy Details
Investment Approach – RISE Portfolio
Fund Manager – Mr. Neelesh Dhamnaskar
AUM – INR 323.74 crore
1-year Returns: 4.27%
3-year Returns: 16.73%
5-year Returns: 25.73%

#5 Abakkus Asset Manager (AUM – INR 18,417.22 crore)

Flagship Strategy Details
Investment Approach – All Cap Approach
Fund Manager – Mr. Aman Chowhan
AUM – INR 6,756.4 crore
1-year Returns: 1.83%
3-year Returns: 13.57%

#6 Quantum Advisors (AUM – INR 18,263.93 crore)

Flagship Strategy Details
Investment Approach – Q India Value Equity Strategy Constrained V
Fund Manager – I.V. Subramaniam
AUM – INR 17,661.94 crore
1-year Returns: 11.01%
3-year Returns: 17.02%
5-year Returns: 27.13%

#7 Ask Investment Managers (AUM – INR 17,937.55 crore)

Flagship Strategy Details
Investment Approach – ASK Indian Entrepreneur Portfolio
Fund Manager – Mr. Sumit Jain
AUM – INR 11,304.99 crore
1-year Returns: 4.24%
3-year Returns: 6.48%
5-year Returns: 19.75%

Top 10 PMS Companies in India – Conclusion

As you start your investment journey to achieve your goals, Portfolio Management Service (PMS) is a powerful option especially designed for High Net Worth Individuals (HNIs). But there is a big barrier for retail investors who want to get equity exposure through PMS: a regulatory constraint that mandates a minimum investment of INR 50 lakhs. This financial requirement, enforced by regulatory authorities, remains firm, creating a challenge even for the best PMS services in India.

Portfolio Management Service (PMS) providers must swiftly communicate any relevant disclosures to their clients, regardless of whether that information is publicly accessible. While PMS offerings grant significant flexibility to substantial investors and High Net Worth Individuals (HNIs), they also come with higher fees compared to traditional mutual funds.