Portfolio Management Services (PMS) in India — Built for HNI Investors
APMI Registered Platform
The PMS Directory
India's most carefully curated Portfolio Management Services — handpicked for serious wealth creation.
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What is Portfolio Management Service (PMS) in India?
If you have built meaningful wealth and your existing investments no longer reflect your ambitions, PMS in India is the next step. With a minimum investment of ₹50 Lakhs, PMS gives you direct ownership of every security in your own demat account, a portfolio strategy built around your specific goals, and a fund manager accountable to you — not to the average investor. At Kalviro Ventures, we give HNI and UHNI investors access to India’s most carefully evaluated PMS strategies — screened before they ever reach your shortlist.
Our Role in PMS in India Distribution
- 45+ strategies from 15+ managers
- Independent guidance on manager selection — matched to your risk profile, not commission incentives
- Ongoing portfolio monitoring, periodic reviews, and direct support at every stage
We work with fund houses including Motilal Oswal, Carnelian, ASK, Alchemy, WhiteOak, Incred, 360 One, Abakkus, and more.Each has cleared our independent evaluation before we list it on our platform. What you see is not a comprehensive directory — it is a considered shortlist.
Why Choose PMS in India With Kalviro Ventures?
- Personalized Strategies: We build every recommendation around your profile — your capital, your risk tolerance, your time horizon. No templates. No shortcuts. No conflicts of interest.
- Curated PMS Selection: We work with 15+ evaluated PMS managers— from Motilal Oswal and ASK to Carnelian, WhiteOak, and Abakkus. We independently assess each one before listing it on our platform.
- Expert Fund Managers: You get access to portfolio managers who run concentrated, high-conviction strategies — professionals whose entire focus is generating alpha for serious long-term investors, not managing a pooled fund for the masses.
- Transparent Reporting: Full visibility into every position, every transaction, every fee — through your demat account and our dashboard. You always know exactly what you own and what it is costing you.
- Long-Term Wealth Creation: PMS is not a trading product. It is a wealth-building instrument for investors with a 5–10 year horizon who understand that compounding requires both conviction and patience.
The Portfolio Management Services Selection Process with Kalviro
Step 1
Understanding You
20-min call to understand your goals, risk, and horizon
Step 2
Recommending PMS Options
We shortlist 2–3 strategies that genuinely fit your profile
Step 3
Onboarding and Investment
We handle all onboarding, KYC and make sure your account is open seamlessly
Step 4
Ongoing Monitoring
Periodic reviews, performance tracking, and proactive alerts
PMS in India vs Mutual Funds vs AIFs
- Customization: PMS offers the highest level of personalization — We build every portfolio exclusively for you, reflecting your goals, risk appetite, and investment conviction. Mutual funds follow standardized strategies designed for the average investor. AIFs offer structured fund mandates targeting specific private market opportunities.
- Minimum Investment: Portfolio Management Services require a minimum of ₹50 Lakhs — a threshold that ensures PMS remains focused on serious, long-term HNI investors. Mutual funds are accessible from as low as ₹500. AIFs require a minimum of ₹1 Crore.
- Liquidity: PMS offers moderate liquidity with no mandatory lock-in as per SEBI guidelines — though exit terms are defined in your individual agreement. Mutual funds offer daily redemption flexibility. AIFs typically involve defined lock-in periods aligned with their underlying investment strategy.
- Risk-Return Potential: PMS targets alpha through concentrated, high-conviction portfolios — higher potential upside with active, disciplined risk management. Mutual funds offer balanced, diversified market exposure. AIFs pursue superior risk-adjusted returns through private markets and alternative strategies that go beyond what public markets can offer.
Our Portfolio Management Services Process
Here is exactly how we take you from initial conversation to invested capital — and what happens after.
- Risk Profiling: Before anything else, we build a complete picture of you — your financial goals, risk appetite, liquidity needs, and investment horizon. Great portfolio management begins with truly understanding the investor behind the portfolio.
- Strategy Selection: Based on your profile, we shortlist PMS strategies across equity, hybrid, or thematic mandates — not the most popular options, but the most appropriate ones for your unique financial journey.
- Onboarding: We manage the entire onboarding process — documentation, KYC, and regulatory compliance — so your journey from decision to investment is smooth, guided, and completely hassle-free.
- Portfolio Management: Active stock selection, disciplined allocation, and continuous monitoring by India’s most experienced portfolio managers — applied specifically to your portfolio, not a pooled fund.
- Performance Reviews: Regular, transparent performance updates with clear context on what is working, what is being adjusted, and why — because informed investors make better long-term decisions.
What You Should Know Before Investing in PMS in India
PMS is built for investors who value conviction over comfort. Before we recommend any strategy, we make sure you understand exactly what’s involved:
- Market volatility is part of the process — concentrated, high-conviction portfolios move differently from diversified funds. This requires patience, not panic.
- ₹50 Lakhs is the starting point — PMS demands real capital commitment and a genuine 5–10 year horizon.
- Not all fund managers are equal — which is exactly why we evaluate every strategy independently before it reaches your shortlist.
- Exit terms vary by agreement — we discuss liquidity, lock-ins, and fee structures upfront, before you invest.
The investors who do well in PMS aren’t the ones who ignore risk — they’re the ones who understand it clearly and stay invested with conviction.
Frequently Asked Questions (FAQ)
Q1. What is the minimum investment required for PMS?
₹50 Lakhs — as mandated by SEBI (Portfolio Managers) Regulations 2020. But beyond the number, what truly matters is readiness. PMS is designed for investors who think in decades, not quarters — those who understand that real wealth is built through conviction, patience, and a disciplined long-term approach. If you are ready to invest with conviction, schedule a 20-minute call with Shrenik and we will identify the right PMS strategy for your profile.
Q2. How is PMS different from a Mutual Fund?
In a Mutual Fund, you own units of a pooled product shared with thousands of other investors — standardised, one-size-fits-all. In PMS, every stock in your portfolio sits directly in your own demat account. Every security sits in your name, in your demat account — your own strategy built around your goals, not someone else's. That is the difference between investing in a product and owning a portfolio. For HNIs who have built wealth through clarity and conviction, PMS offers the level of personalisation and transparency that mutual funds simply cannot match
Q3. How do I know which PMS manager is right for me?
This is the most important question — and the one most investors never ask before investing. The right PMS manager is not necessarily the one with the highest recent returns. It is the one whose investment philosophy aligns with your risk appetite, whose track record holds across full market cycles — not just bull runs — and whose portfolio behaviour during corrections like 2020 and 2022 gives you confidence, not anxiety. At Kalviro Ventures, independently evaluating PMS managers across philosophy, track record, fee structure, drawdown history, and portfolio concentration is exactly what we do — before we ever make a recommendation to you.
Q4. How are PMS investments taxed?
Since every security in your PMS portfolio is held directly in your demat account, the tax authorities treat each transaction as a direct equity investment. As per Budget 2024 rules — You pay 20% tax on Short-Term Capital Gains for equity held under 12 months. For equity held over 12 months, you pay 12.5% tax on Long-Term Capital Gains exceeding ₹1.25 Lakhs per financial year— with no indexation benefit. Unlike mutual funds where taxation is handled at the fund level, in PMS every buy and sell is your personal tax event. Smart tax planning — including timing of transactions and tax-loss harvesting — can meaningfully improve your net PMS returns. We strongly recommend working with your CA on this.
Q5. Can NRIs invest in PMS in India?
Absolutely — and for many NRIs, PMS is one of the most powerful ways to participate in India's long-term growth story without being physically present to manage it. Through their NRE or NRO accounts, NRIs can access India's top discretionary PMS managers — professionals who actively manage your Indian equity portfolio on your behalf, keeping you fully informed while you focus on your life abroad. Kalviro Ventures has guided NRI investors from the UAE, US, UK, Singapore, and Canada through the complete PMS onboarding process. If you are based abroad and want to invest in India through a trusted, registered distributor, schedule a call and we will walk you through every step.
