This project is paused. The site is no longer being updated, and the data on it may be out of date and unverified. The SEBI register was last read on 27 August 2026.

India AIF

Portfolio Management Service (PMS)

Also written: PMS, aif vs pms

What is Portfolio Management Service in an Indian AIF?

A portfolio management service manages securities for a client in a separate account rather than a pooled vehicle, with a ₹50 lakh minimum. Unlike AIFs, PMS performance is publicly comparable because APMI requires monthly disclosure. That disclosure difference is the main reason AIFs cannot be ranked by return.

Related terms

All 38 glossary terms · Fund directory · SEBI quarterly data

Definitions are explanatory, not legal advice. Where a definition rests on a regulation or circular it is named above; verify against the instrument before relying on it.