Portfolio Management Services

The newly introduced Specialised Investment Funds (SIFs) have witnessed rapid adoption, with the category crossing Rs 13,814 crore in assets under management (AUM) since the regulatory framework was introduced in February, a top Sebi official said on Friday. Sebi introduced SIFs tobridge the gap between regular mutual funds and high-ticket Portfolio Management Services (PMS). SIFs target sophisticated investors through flexible hedging, derivatives, and long-short strategy. Speaking at Assocham's 17th Mutual Fund Summit, SebiWhole-Time Member Amarjeet Singh said, "The regulatory framework for Specialised Investment Fund (SIF) was introduced last year. The early response has been encouraging." Giving details, he said, "As on May 31 2026, SIFs have already garnered net assets under management of over Rs 13,500 crore, spread across more than 56,000 investor folios". SIFs requires a minimum investment of Rs 10 lakh and allow fund managers to use advanced strategies such as derivatives

MF AUM linked to PMS doubles in less than 3 years, surges to Rs 1 trillion

The market regulator said clients of non-discretionary portfolio management services may pledge securities for loans if the decision is taken independently and for their own benefit

India's PMS industry doubles in a decade to 506 players, managing ₹41 trillion, as looming regulatory changes and competition from AIFs drive consolidation

In a pooled structure, your fate is tied to the collective behaviour of all investors. In a non-pooled one, your portfolio stands on its own

Investing in PMS should be looked at as a test series. You can judge consistency on an ongoing basis but the outcome is drawn out as per the stated objective of the fund

Compliance walls could begin to crack as sovereign and pension money nose their way in

Discretionary segments, he believes, may rebound as interest rates fall, rural incomes improve, and the government steps in with measures such as tax cuts and the Eighth Pay Commission

SIP flows should stabilise and return to their previous growth path as fears of intense trade wars fade after six months of Trump's presidency and 20 days of India-Pakistan tensions

Nuvama Wealth, Marcellus Investment Managers among new MF applicants

Most investors who came in CY 2020 are sitting on handsome gains. But they have never seen a greater-than-10-per cent correction until CY 2025

Angel One, Unifi set to launch first fund this year; four more likely to secure licence this year

PMS assets excluding EPFO and similar entities have grown 116% since FY1

Board meeting on Sep 30, first since conflict of interest allegations against chairperson

The FoF fund manager picks multiple schemes, depending on the FoF's mandate

Portfolio management firm Emkay Investment Managers Ltd (EIML) on Thursday announced the launch of an alternative investment fund -- Emkay Capital Builder Fund-- through which it is aiming to mobilise Rs 500 crore in the next 6 to 8 months. The open-ended category III Alternative Investment Fund (AIF) -- Emkay Capital Builder Fund-- is hoping to generate long-term capital appreciation for investors from a portfolio of equity and equity-related securities. This will be a multi-cap portfolio of around 20-25 stocks. "Emkay Capital Builder AIF caters to the growing preference for Alternative Investment Funds as an investment avenue amongst UHNIs in India. Our bottom-up stock-picking strategy will help in formulating a winning AIF portfolio backed by the robust E-Qual model to mitigate risks related to management quality," Sachin Shah, Executive Director and Fund Manager, Emkay Investment Managers Ltd, said. In a webinar on opportunities in AIFs, the portfolio management firm said," EIM

Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview

Given the macroeconomic strengths, the market is pricing in a reasonable earnings growth and hence justifying current valuations, Pramod Gubbi of Marcellus Investment Managers said in this interview

Markets regulator Sebi on Thursday proposed promoting collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them and facilitating ease of digital onboarding process for portfolio managers' clients. The proposals are aimed at promoting ease of doing business initiatives for portfolio managers. This came after the Finance Minister in the Budget announcements for the financial year 2023-24 made an announcement to simplify, ease, and reduce the cost of compliance for participants in the financial sector through a consultative approach. In its consultation paper, the regulator proposed making registration with APMI mandatory for PMS (Portfolio Manager Services) distributors. The recommendation is in line with the practice already being followed in the mutual fund industry, wherein, mutual funds distributors are required to register with the Association of Mutual Funds in India (AMFI) and obtain an ARN (AM

The analysis considered 97 schemes which have the Nifty 50 Total Returns Index as its benchmark. Around 73 outperformed in January