What is PMS in this dashboard?
PMS refers to portfolio management services represented in the APMI industry dashboard and PMS Bazaar public strategy data used on this page.
Portfolio Management Services
PMS India market dashboard
A comparative snapshot of PMS industry AUM, strategy mix, public return leaders and category medians using APMI and PMS Bazaar data only.
PMS Bazaar: 31 May 2026APMI: May 2026Snapshot: 09 Jul 2026
Industry PMS AUM
INR 6.03 lakh Cr
APMI reported +11.5% year-on-year growth.
Public PMS strategies
552
478 are equity strategies in the PMS Bazaar snapshot.
Equity share of AUM
71.71%
INR 4.33 lakh Cr allocated to equity PMS strategies.
Discretionary share
81.69%
INR 4.93 lakh Cr in discretionary PMS mandates.
Fastest AUM growth
Hybrid +87.2%
3.61% AUM share in the APMI split.
AUM since Apr 2023
+111.1%
From INR 2.86 lakh Cr to INR 6.03 lakh Cr.
Quick answers
PMS India at a glance
- What is the latest PMS industry AUM in this dashboard?
- APMI shows total PMS AUM of INR 6.03 lakh Cr as of May 2026, up 11.54% year on year.
- Which PMS strategy type has the largest AUM share?
- Equity is the largest PMS strategy type in the APMI snapshot, with 71.71% of reported PMS AUM.
- How many PMS strategies are compared here?
- The PMS Bazaar snapshot covers 552 public PMS strategies as of 31 May 2026.
- Which data sources are used?
- This page uses PMS Bazaar Explore PMS for public strategy returns and the APMI dashboard for industry AUM data.
APMI industry trend
PMS AUM rose to INR 6.03 lakh Cr
Latest: May 2026
AUM mix
Strategy and service split
Equity
+4.37% YoY
71.71%
INR 4.33 lakh Cr
Multi Asset
+39.9% YoY
15.82%
INR 95,447 Cr
Debt
+14.9% YoY
8.86%
INR 53,490 Cr
Hybrid
+87.2% YoY
3.61%
INR 21,765 Cr
Discretionary
81.69%
INR 4.93 lakh Cr
Non-Discretionary
18.31%
INR 1.11 lakh Cr
PMS Bazaar universe
Asset-class coverage and median public returns
Equity
478
1Y med.
2.34%
3Y med.
15.3%
5Y med.
13.5%
Multi Asset
44
1Y med.
8.96%
3Y med.
14.8%
5Y med.
12.3%
Debt
23
1Y med.
8.62%
3Y med.
10.2%
5Y med.
6.87%
Hybrid
7
1Y med.
7.87%
3Y med.
14.7%
5Y med.
n/a
Comparison framework
How to compare PMS strategies in India
- 01
Start with asset class
Compare equity, multi-asset, debt and hybrid PMS strategies separately because their risks and return paths are different.
- 02
Compare within category
Use category medians to compare a strategy against a closer peer set instead of the entire PMS universe.
- 03
Look beyond 1-year returns
Check 3-year, 5-year and since-inception return fields where available, because PMS Bazaar coverage differs by period.
- 04
Review benchmark alpha
Alpha helps show the gap between the PMS strategy return and the benchmark return shown in the PMS Bazaar data.
- 05
Check source dates
Use the source snapshot dates before making any comparison because PMS returns and AUM can change month to month.
PMS Bazaar return leaders
Top public PMS strategies by 1-year return
481 strategies have a public 1-year return in this snapshot.
| # | Strategy | Category | 1Y | Index | Alpha | SI |
|---|---|---|---|---|---|---|
| 1 | Strategic Holdings in Natural Elements (SHINE) Dezerv Investments Private Limited | Multi Asset Multi Asset | Since Apr 2025 | 67.5% | 4.94% | +62.5% | 60.5% |
| 2 | India Opportunities Product Aequitas Investment Consultancy Pvt Ltd | Small Cap Equity | Since Feb 2013 | 41.1% | -3.84% | +45.0% | 32.9% |
| 3 | Rising Stars Sundaram Alternate Assets Ltd | Small Cap Equity | Since Nov 2009 | 37.1% | -1.96% | +39.1% | 15.3% |
| 4 | Capital 8 Infinity Fund Capital 8 LLP | Multi Cap & Flexi Cap Equity | Since Feb 2024 | 35.5% | -0.07% | +35.6% | 29.9% |
| 5 | Vallum Multi Activa Strategy Vallum Capital Advisor Pvt Ltd | Multi Asset Multi Asset | Since Jan 2025 | 34.9% | 4.94% | +30.0% | 26.2% |
| 6 | Qode All Weather. Qode Advisors LLP | Multi Cap & Flexi Cap Equity | Since Nov 2024 | 33.9% | -3.84% | +37.7% | 30.0% |
| 7 | SELF Portfolio Sundaram Alternate Assets Ltd | Mid Cap Equity | Since Jun 2010 | 32.5% | -1.96% | +34.4% | 18.4% |
| 8 | AAA Couture AlfAccurate Advisors | Small & Mid Cap Equity | Since Jan 2021 | 31.8% | -0.07% | +31.9% | 22.4% |
| 9 | SISOP Sundaram Alternate Assets Ltd | Multi Cap & Flexi Cap Equity | Since Feb 2010 | 30.8% | -1.96% | +32.8% | 18.9% |
| 10 | Elevate Pl Asset Management Pvt Ltd | Multi Cap & Flexi Cap Equity | Since Aug 2023 | 30.1% | -0.07% | +30.2% | 21.2% |
Category depth
PMS categories by count, median returns and best 1-year strategy
| Category | Strategies | 1Y median | 3Y median | 5Y median | Best 1Y strategy |
|---|---|---|---|---|---|
Multi Cap & Flexi Cap Equity | 288 | 2.48% | 15.6% | 13.6% | Capital 8 Infinity Fund Capital 8 LLP | 35.5% |
Small & Mid Cap Equity | 59 | 2.84% | 18.4% | 15.2% | AAA Couture AlfAccurate Advisors | 31.8% |
Multi Asset Multi Asset | 44 | 8.96% | 14.8% | 12.3% | Strategic Holdings in Natural Elements (SHINE) Dezerv Investments Private Limited | 67.5% |
Large Cap Equity | 31 | -0.21% | 9.93% | 9.39% | Tulsian PMS Tulsian PMS Pvt Ltd | 10.2% |
Small Cap Equity | 27 | 1.88% | 15.2% | 17.3% | India Opportunities Product Aequitas Investment Consultancy Pvt Ltd | 41.1% |
Mid Cap Equity | 23 | 0.98% | 14.7% | 13.5% | SELF Portfolio Sundaram Alternate Assets Ltd | 32.5% |
Mid & Large Cap Equity | 23 | 4.69% | 14.1% | 12.5% | PMS Long Term Growth. Samvitti Capital Pvt Ltd | 14.1% |
Debt Debt | 22 | 8.77% | 10.2% | 5.57% | Income Fund. Maximal Capital | 20.6% |
Thematic Equity | 20 | 2.49% | 12.5% | 14.2% | Dividend Yield Fund Green Portfolio Pvt Ltd | 17.0% |
Hybrid Hybrid | 7 | 7.87% | 14.7% | n/a | Equity Hybrid Funds- Valtrust Partners LLP | 13.8% |
ETF Equity | 3 | 17.5% | 15.4% | 11.0% | AlphaaMoney Equity+- PRPEdge Wealth Pvt Ltd | 18.9% |
Sector Fund Equity | 2 | -3.25% | 8.68% | 7.26% | ASK Financial Opportunities Portfolio ASK Investment Managers Ltd | -3.25% |
Arbitrage Debt | 1 | 7.27% | 10.4% | 8.92% | I Alpha Estee Advisors Pvt Ltd | 7.27% |
Mutual Fund Equity | 1 | 13.3% | 17.9% | n/a | PriceBridge Direct MF. Ayan Analytics Pvt Ltd | 13.3% |
Micro Cap Equity | 1 | -6.63% | n/a | n/a | Ambit Micro Marvels Portfolio- Ambit Investment Advisors Pvt Ltd | -6.63% |
FAQ
PMS India comparator questions
What is the latest PMS industry AUM shown here?
The latest APMI snapshot used here shows INR 6.03 lakh Cr of PMS AUM as of May 2026, with 11.54% year-on-year growth.
Which PMS asset class dominates the public strategy universe?
Equity dominates the PMS Bazaar public strategy universe in this snapshot, with 478 of the 552 strategies classified as equity.
Which PMS strategy type has the largest AUM share?
Equity has the largest AUM share in the APMI snapshot at 71.71%, followed by multi asset at 15.82%, debt at 8.86% and hybrid at 3.61%.
How should PMS returns be compared?
Compare PMS returns within the same asset class and category, review multiple return periods where available, and check the benchmark return and alpha fields before drawing conclusions.
Does this PMS comparator recommend any strategy?
No. The page is a research snapshot based on PMS Bazaar and APMI data only. It is not an investment recommendation or an offer to invest in any PMS strategy.
Source guardrails
Public PMS Bazaar Explore PMS data is used for strategy returns.
Subscriber-gated PMS Comparison data is not used.
Returns over one year are annualized where PMS Bazaar provides them.
Data is a research snapshot, not an investment recommendation or an offer to invest in any PMS strategy.