PMS AIF WORLD is a New Age Investment Services Company, providing analytics-backed quality investing service with an endeavor and promise for wealth creation and prosperity.
Over 6 years, we have been serving 700+ UHNI & NRI families, across 1800 Cr+ , and Price with an endeavor to ascertain the Quality, Risk, and Consistency (QRC) attributes before suggesting the same to investors.
We are genuine, visionary, creative, focused, and persistent.
Portfolio Management Services (PMS) and AIF Industry in India – 2025 Update
Asset Growth Trends
- Robust AUM Expansion: Both PMS and AIF segments have witnessed strong asset growth in recent years. The total PMS assets under management (AUM) reached about 37 Lakh crore by March 2025 (including large mandates from provident funds) – up roughly 18% year-on-year.
- AIF AUM Surging: The Alternative Investment Funds (AIF) industry’s asset base is smaller than PMS but growing at a faster clip. As of March 2024, AIFs’ committed AUM stood at approximately ₹13.34 lakh crore, up 36% from about ₹8.34 lakh crore in March 2023. Growth was broad-based across categories:
- Category I AIFs (venture capital funds, infrastructure funds, social/SME funds) grew ~30% in AUM to roughly ₹0.89 lakh crore by March 2024 reflecting increased venture capital and startup investing.
- Category II AIFs (private equity, real estate, private debt funds, etc.) comprise the bulk of assets – about ₹10 lakh crore – rising ~32% year-on-yearcafemutual.com, fueled by innovative strategies in private credit and venture debt attracting HNI moneycafemutual.com.
- Category III AIFs (hedge funds, long-short equity, etc.) though smaller at around 2,29,927 lakh crore, saw the highest growth (~79% YoY) as wealthy investors flocked to long-short hedge funds post new tax rules (these funds are taxed at the fund level, offering some tax efficiency over direct debt fund investments for high-tax-bracket individuals)
Industry Expansion and Oversight: The industry itself has expanded in an organized manner under SEBI’s oversight. There are hundreds of registered players – as of early 2025, about 470 SEBI-registered portfolio managers (PMS providers) were in operationsebi.gov.in, and over 1,560 AIFs were registered across Category I, II, IIIsebi.gov.in. Industry bodies like the Association of Portfolio Managers in India (APMI) and the IVCA (for venture capital/AIF) have been working closely with regulators to implement best practices.
To help you invest in the top PMS in India, we analyze products across 5 Ps – People, Philosophy, Performance, Portfolio and Price with an endeavor to ascertain the Quality, Risk, and Consistency (QRC) attributes before suggesting the same to investors.
The infographics below represent some of the Top PMSs in India, bifurcated with respect to various categories.
Best 05 Mid-Small Cap PMS Strategies in India
- Abakkus Emerging Opportunities PMS
- Carnelian “The Shift” Strategy
- Green Lantern Capital Growth PMS
- ICICI Prudential PMS PIPE Strategy
- SageOne Capital Core Portfolio PMS
Best 10 Multi Cap PMS Strategies in India
- Abakkus All Cap Approach PMS
- Green Portfolio Special PMS
- ICICI Prudential PMS Contra Strategy
- Negen Capital Special Situations & Technology Fund
- Renaissance India Next Portfolio – Dynamic Thematic Portfolio
- Sameeksha Capital Equity PMS
- Stallion Asset Core Fund Portfolio
- ValueQuest Platinum Scheme PMS
- Buoyant Capital Opportunities Multi-Cap Fund
Best 05 Mid-Small Cap PMS Strategies in India
Abakkus Emerging Opportunities PMS
Founded & managed by Mr. Sunil Singhania, Abakkus Asset Managers’ Emerging Opportunities PMS plan is a Mid & Small Cap focused PMS designed to generate alpha and risk-adjusted returns for clients by investing in benchmark agnostic portfolio.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Abakkus Asset Manager | Emerging Opportunities Approach | 4457.17 | 8.20% | -11.80% | -8.90% | 17.90% | 33.50% | 20.20% | - | - | 31.90% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | - |
| Mid Cap | - |
| Small Cap | - |
| Cash | - |
Top 5 Sector
| Holding | % |
|---|---|
| Not Disclosed | |
| Total | 0 |
Carnelian “The Shift” Strategy
Founded by Vikas Khemani, Carnelian Shift Strategy PMS is a multicap portfolio with a focus on Mid & Small caps to tap niche manufacturing businesses that gain from global supply diversification, recent policy reforms, and cost competitiveness.
Refer to the infographic below to get insights on top portfolio holdings and performance data(as of 31 Mar 2025)
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Carnelian Capital | Shift | 3500 | 9.10% | -12.20% | -10.60% | 18.40% | 43.30% | 28.10% | - | - | 37.80% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 9.90 |
| Mid Cap | 16.90 |
| Small Cap | 68.60 |
| Cash | 4.60 |
Top 5 Sector
| Holding | % |
|---|---|
| Pharma & API | 22.84 |
| IT | 15.00 |
| Auto & Auto Ancillary | 12.65 |
| Chemicals | 11.92 |
| Engineering & Capital Goods | 8.69 |
| Total | 71.1 |
Green Lantern Capital Growth PMS
Founded & managed by Mr. Nilesh Doshi, Green Lantern’s Growth PMS endeavors to generate superior risk adjusted returns, in varying market conditions, by investing in Mid & Small Cap companies. This is an ideal long-term investment (3-5 year Horizon) option for investors where they build a portfolio of companies that are industry leaders, have potential to generate healthy ROE, and are trading at high margin of safety.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Green Lantern Capital LLP | Growth Fund | 899.57 | 4.98% | -4.44% | -5.17% | 24.62% | 62.03% | 47.49% | 58.05% | - | 24.97% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 12.60 |
| Mid Cap | 7.70 |
| Small Cap | 25.80 |
| Cash | - |
Top 5 Sector
| Holding | % |
|---|---|
| Not Disclosed | |
| Total | 0 |
ICICI Prudential PMS PIPE Strategy
Headed by Mr. Anand Shah, ICICI Prudential PMS PIPE Strategy aims to provide long-term capital appreciation and generate returns by investing predominantly, in Mid and Small Cap segment of the market by having exposure in companies enjoying some economic moat; and/or undergoing special situations or in the midst of unfavourable business cycle.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential PMS | PIPE Strategy | 5609.11 | 6.06% | -13.01% | -14.81% | 9.39% | 31.15% | 23.71% | 39.69% | - | 27.01% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 0.00 |
| Mid Cap | 20.97 |
| Small Cap | 75.40 |
| Cash | 3.63 |
Top 5 Sector
| Holding | % |
|---|---|
| Not Disclosed | |
| Total | 0 |
SageOne Capital Core Portfolio PMS
SageOne is a SEBI-registered Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) provider, managing ₹5700+ Cr across high-conviction equity strategies since 2012. Founded by Samit Vartak, CFA, they specialise in bottom-up stock picking across mid-cap, small-cap, and large-cap companies, delivering consistent alpha and superior long-term CAGR.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SageOne Investment | Core Portfolio | 3820 | 7.60% | -10.60% | -17.50% | 10.00% | 35.20% | 15.40% | 34.30% | 16.50% | 26.20% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 18 |
| Mid Cap | 39 |
| Small Cap | 39 |
| Cash | 4 |
Top 5 Sector
| Holding | % |
|---|---|
| Consumer Discretionary | 9.00 |
| Building Materials | 9.00 |
| Real Estate | 10.00 |
| Pharmaceuticals | 11.00 |
| Finance | 27.00 |
| Total | 66 |
Best 10 Multi Cap PMS Strategies in India
Abakkus All Cap Approach PMS
Founded by Sunil Singhania, Abakkus All Cap PMS is a benchmark agnostic diversified Multi Cap portfolio which follows value style of investing.
Refer to the infographic below to get insights on top portfolio holdings and performance data(as of 31 Mar 2025)
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Abakkus Asset Manager | All Cap Approach | 3068.07 | 8.00% | -7.00% | -13.30% | 1.80% | 21.40% | 13.60% | - | - | 25.20% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | - |
| Mid Cap | - |
| Small Cap | - |
| Cash | - |
Top 5 Sector
| Holding | % |
|---|---|
| Not Disclosed | |
| Total | 0 |
Green Portfolio Special PMS
Being managed by Mr. Divam Sharma, Green Portfolio Special PMS follows the philosophy of value investing in companies having earnings visibility, management integrity, business moat, sound performance history, low debt and good business model.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of ).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - |
ICICI Prudential PMS Contra Strategy
Managed by Mr. Anand Shah & Ms. Geetika Gupta, ICICI Prudential’s Contra PMS Strategy aims to provide long term capital appreciation and generate returns by investing in underperforming stocks or sectors, which are available at intrinsic valuations and are expected to perform well in the long run. For defensive consideration, the Strategy may invest in debt and money market mutual fund schemes.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential PMS | Contra Strategy | 9398.59 | 7.74% | -3.11% | -11.36% | 7.02% | 28.28% | 20.52% | 33.29% | - | 19.67% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 61.66 |
| Mid Cap | 17.66 |
| Small Cap | 18.57 |
| Cash | 2.11 |
Top 5 Sector
| Holding | % |
|---|---|
| Not Disclosed | |
| Total | 0 |
Negen Capital Special Situations & Technology Fund
Founded and managed by Neil Bahal, Negen PMS s predominantly a smallcap and midcap focused fund with a keen interest in identifying value investing opportunities via special situations like demergers and Spin offs.
Refer to the infographic below to get insights on top portfolio holdings and performance data(as of 31 Mar 2025)
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Negen Capital | Special Situations Fund | 932 | 4.63% | -14.18% | -13.53% | 18.75% | 39.99% | 20.01% | 50.07% | - | 17.46% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 9.44 |
| Mid Cap | 42.44 |
| Small Cap | 40.57 |
| Cash | 7.55 |
Top 5 Sector
| Holding | % |
|---|---|
| Heavy Electrical Equipment | 12.42 |
| Stockbroking & Allied | 9.42 |
| Specialty Chemicals | 10.03 |
| Housing Finance Company | 4.30 |
| Pharmaceuticals | 2.75 |
| Total | 38.92 |
Renaissance India Next Portfolio – Dynamic Thematic Portfolio
Founded by Mr. Pankaj Murarka and being managed by Mr. Pawan Parakh, Renaissance India Next Portfolio – Dynamic Thematic Portfolio aims to create long term capital appreciation by using growth and income theme.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Renaissance | India Next Portfolio | 546 | 7.44% | -8.03% | -11.97% | 12.97% | 26.29% | 21.48% | 39.31% | - | 16.12% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 55.44 |
| Mid Cap | 19.40 |
| Small Cap | 25 |
| Cash | 0.16 |
Top 5 Sector
| Holding | % |
|---|---|
| BFSI | 34.87 |
| IT & Tech | 19.21 |
| Pharma & Chemicals | 13.65 |
| Consumer Discretionary | 9.11 |
| Diversified | 5.19 |
| Total | 82.03 |
Sameeksha Capital Equity PMS
Founded and managed by Bhavin Shah, Sameeksha Equity PMS focuses on process driven investing and have developed proprietary analytical models and methods which they follow rigorously to identify companies with superior risk-reward characteristics.
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sameeksha Capital | Equity Fund | 1529.01 | 5.20% | -4.10% | -6.40% | 13.60% | 34.90% | 23.90% | 37.10% | - | 22.30% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 31.73 |
| Mid Cap | 4.18 |
| Small Cap | 53.52 |
| Cash | 10.57 |
Top 5 Sector
| Holding | % |
|---|---|
| Banking and Finance | 16.50 |
| Banking and Finance | 16.50 |
| Aviation | 10.00 |
| Pharmaceuticals | 9.40 |
| Wealth Management and Broking | 9.30 |
| Total | 61.7 |
Stallion Asset Core Fund Portfolio
Buoyant Capital offers a high-performance, sector-agnostic Portfolio Management Services (PMS) strategy in India, focused on generating consistent risk-adjusted alpha across market cycles. Launched in 2016, Buoyant Capital PMS manages over USD 750 million in assets under management (AUM) and is led by a team with 100+ years of experience from leading institutions such as HSBC, Reliance, and Goldman Sachs.Buoyant Capital is a top-performing choice among SEBI-registered PMS and AIF providers in India for HNIs and NRI investors seeking disciplined equity investing.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stallion Asset | Core Fund | 4494.49 | 6.75% | -13.80% | -9.06% | 30.57% | 52.73% | 32.27% | 38.19% | - | 29.59% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 20.40 |
| Mid Cap | 27.89 |
| Small Cap | 31.03 |
| Cash | 20.66 |
Top 5 Sector
| Holding | % |
|---|---|
| Not Disclosed | |
| Total | 0 |
ValueQuest Platinum Scheme PMS
Founded and managed by Amit Jeswani, Stallion Asset Core PMS has a consistent strategy of buying companies that fit the stringent criteria of Growth at a Reasonable Prices.
Refer to the infographic below to get insights on top portfolio holdings and performance data(as of 31 Mar 2025)
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ValueQuest | Platinum Scheme | - | 3.92% | -16.62% | -17.60% | 6.94% | 29.84% | 17.14% | 38.63% | 18.79% | 19.55% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | - |
| Mid Cap | - |
| Small Cap | - |
| Cash | - |
Top 5 Sector
| Holding | % |
|---|---|
| Not Disclosed | |
| Total | 0 |
Buoyant Capital Opportunities Multi-Cap Fund
Founded and managed by Mr. Ravi Dharamshi, ValueQuest Platinum PMS aims to capitalize on tailwinds in a company/sector, with the core portfolio being complimented with young, new to market, turnaround stocks & special situation opportunities.
Refer to the infographic below to get insights on top portfolio holdings and performance data (as of 31 Mar 2025).
| Company Name | Scheme Name | AUM (~₹. CR) | 1m | 3m | 6m | 1y | 2y | 3y | 5y | 10y | SI |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buoyant Capital | Opportunities Multi-cap | 4,330.19 | 8.42% | -1.64% | -5.84% | 15.59% | 29.23% | 21.21% | 40.19% | - | 21.66% |
Allocation
| Allocations | % |
|---|---|
| Large Cap | 45.60 |
| Mid Cap | 19.10 |
| Small Cap | 25.00 |
| Cash | 10.30 |
Top 5 Sector
| Holding | % |
|---|---|
| Large Cap | 41.40 |
| Mid Cap | 18.10 |
| Small Cap | 30.40 |
| Total | 89.9 |
For a detailed analysis and insights on around 200+ PMS and AIF Strategies, login to our analytics portal. Login to Learn – Compare – Select from the universe of professionally managed focussed investment portfolios.
Login to Our Analytics Portal
Database of all stocks / sectors & returns / risk matrices & insights of PMS & AIF
Our endeavors are to determine the Quality, Risk, and Consistency attributes (QRC). We present all data and analytics with an endeavor and the aim of informed investment decisions. If you are looking to invest and are not able to decide between PMS and Mutual Funds, or between PMS and Alternative investment funds, Book A Video Call with our experts.
Wish to make INFORMED INVESTMENTS for Long Term WEALTH CREATION
Do Not Simply Invest, Make Informed Decisions
Book a call with our Experts
