Portfolio Management Services (PMS) are managed by SEBI-registered portfolio managers, who invest on your behalf under a defined mandate. Securities are typically held in your own name, and SEBI prescribes a minimum investment amount.
Alternative Investment Funds (AIF) are privately pooled vehicles registered with SEBI across defined categories, investing according to their stated strategy. They also carry a regulator-prescribed minimum investment and are generally less liquid than listed investments.
Both differ from mutual funds in structure, disclosure, liquidity, taxation and cost. Those differences matter more than any strategy description in a brochure, and they are where our conversation starts.
Does a regulator-prescribed minimum represent a sensible proportion of your total portfolio, or an uncomfortable concentration in one place?
Is there something here your existing structure genuinely cannot do, or is this appetite for novelty wearing the clothes of a strategy?
These are not categories to exit in a hurry. Can this money genuinely stay committed for the full term?
Are you willing to read the disclosure document, understand the fee structure, and follow the reporting?
If the honest answer to any of these is no, the conversation stops there. That happens often, and it is a perfectly good outcome.
Where a client's situation genuinely supports it, we help you understand these categories, work through the disclosure documents and terms, and facilitate access to offerings from SEBI-registered portfolio managers and AIF managers.
We do not manage portfolios ourselves, we are not a SEBI-registered Investment Adviser or portfolio manager, and we do not provide investment advisory services. The manager is responsible for management; we are the point of contact who helps you understand what you are entering into.
We make no claims about the performance of any manager, strategy or offering, and we will not present past results as an indication of future outcomes.
Investments in PMS and AIF are subject to market risks, including possible loss of principal, and are generally illiquid. Read all disclosure and offer documents carefully before investing.
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Understand SIFThat is the most common starting point, and the answer is often no. Send a message and we will work through it honestly.