Top performing PMS against the BSE 500 TRI
229 portfolio management strategies with a 3-year record and at least ₹25 crore of assets report their returns against the BSE 500 TRI. Comparing strategies that share a benchmark is fairer than one list for everyone: over 3 years, 166 of 229 beat it.
229strategies ranked
+12.26%median 3-year return
85%beat their benchmark over 1 year (194 of 229)
72%beat their benchmark over 3 years (166 of 229)
76%beat their benchmark over 5 years (133 of 176)
| # | Strategy | Firm | 3Y return | Benchmark 3Y | vs benchmark | 1Y | 5Y | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Stallion Asset Core Fund | Stallion Asset | +33.41% | +9.20% | +24.21 pts | +18.39% | +23.79% | ₹10,340 Cr |
| 2 | Kriis Multicap Fund Strategy | Kriis Portfolio | +32.28% | +9.20% | +23.08 pts | +45.78% | +21.52% | ₹478 Cr |
| 3 | AAA Couture PMS | AlfAccurate Advisors | +27.15% | +9.20% | +17.95 pts | +49.22% | — | ₹527 Cr |
| 4 | InCred Focused Healthcare Equity | Incred | +26.57% | +9.20% | +17.37 pts | +4.18% | — | ₹195 Cr |
| 5 | ValueQuest Vision | Valuequest Investment Advisors | +26.20% | +9.20% | +17.00 pts | +10.30% | +26.55% | ₹1,121 Cr |
| 6 | Wallfort Ameya Fund | Wallfort Fund Management | +25.70% | +9.21% | +16.49 pts | +37.09% | — | ₹281 Cr |
| 7 | Renaissance Alpha Portfolio | Renaissance | +24.95% | +9.20% | +15.75 pts | +30.73% | +19.92% | ₹90.56 Cr |
| 8 | Wallfort Avenue Fund | Wallfort Fund Management | +24.80% | +9.21% | +15.59 pts | +23.17% | — | ₹180 Cr |
| 9 | GLC Growth Fund | Green Lantern Capital | +24.68% | +9.20% | +15.48 pts | +11.44% | +29.14% | ₹2,020 Cr |
| 10 | Dynamo | Accuracap Consultancy Services | +24.37% | +9.21% | +15.16 pts | +18.90% | +21.03% | ₹25.88 Cr |
| 11 | Sisop | Sundaram Alternate Assets | +23.80% | +9.20% | +14.60 pts | +25.55% | +14.52% | ₹2,027 Cr |
| 12 | White Truffle | Ghalla Bhansali Stock Brokers | +22.64% | +8.03% | +14.61 pts | +28.14% | +20.85% | ₹25.95 Cr |
| 13 | InCred Healthcare Portfolio | Incred | +22.55% | +9.20% | +13.35 pts | +8.51% | +15.76% | ₹786 Cr |
| 14 | S.E.L.F | Sundaram Alternate Assets | +22.49% | +9.20% | +13.29 pts | +33.73% | +13.53% | ₹1,066 Cr |
| 15 | Carnelian Bespoke Portfolio | Carnelian & Advisors | +22.45% | +9.20% | +13.25 pts | +19.97% | — | ₹4,222 Cr |
| 16 | Dynamic Investment Approach | Systematix Shares & Stocks | +22.42% | +8.03% | +14.39 pts | +28.59% | +21.18% | ₹181 Cr |
| 17 | Voyager | Sundaram Alternate Assets | +22.31% | +9.20% | +13.11 pts | +24.32% | +13.70% | ₹222 Cr |
| 18 | Shade Value Fund | Shade Capital | +21.43% | +9.21% | +12.22 pts | +15.14% | +15.09% | ₹93.49 Cr |
| 19 | ICICI Prudential PMS Infrastructure Strategy | ICICI Prudential | +21.16% | +9.20% | +11.96 pts | +6.44% | +23.27% | ₹66.39 Cr |
| 20 | UpperCrust Wealth Fund | Moat Financial Services | +21.11% | +9.21% | +11.90 pts | +6.86% | — | ₹131 Cr |
| 21 | Sundaram Voyager Global Portfolio | Sundaram Alternate Assets | +20.50% | +9.20% | +11.30 pts | +25.27% | +12.08% | ₹231 Cr |
| 22 | AAA Budding Beasts PMS | AlfAccurate Advisors | +20.40% | +9.20% | +11.20 pts | +20.62% | +21.08% | ₹1,691 Cr |
| 23 | Prithvi Balance portfolio | Prithvi Finmart Pvt | +20.39% | +9.20% | +11.19 pts | +22.38% | — | ₹209 Cr |
| 24 | Carnelian Capital Compounder Strategy | Carnelian & Advisors | +20.30% | +9.20% | +11.10 pts | +14.82% | +15.21% | ₹2,615 Cr |
| 25 | MAPL Value Investing Fund | Mittal Analytics | +20.06% | +9.21% | +10.85 pts | +26.60% | +22.25% | ₹496 Cr |
| 26 | Motilal Oswal Mid to Mega Strategy | Motilal Oswal | +19.95% | +9.20% | +10.75 pts | +20.23% | +13.29% | ₹2,467 Cr |
| 27 | GL Alpha Fund | Green Lantern Capital | +19.89% | +9.20% | +10.69 pts | +10.72% | +22.05% | ₹71.73 Cr |
| 28 | Customised Mutual Fund Portfolio (A4) | Infinity Alternatives | +19.88% | +9.20% | +10.68 pts | +16.33% | +14.08% | ₹53.23 Cr |
| 29 | Emerging Leaders | Solidarity Advisors | +19.85% | +9.20% | +10.65 pts | +52.19% | — | ₹147 Cr |
| 30 | Prudence | Solidarity Advisors | +19.68% | +9.20% | +10.48 pts | +37.77% | +11.90% | ₹1,938 Cr |
| 31 | Alchemy Select Stock | Alchemy Capital Management | +19.65% | +9.20% | +10.45 pts | +14.78% | +14.26% | ₹5,383 Cr |
| 32 | Future Stars | Magadh Capital Advisors | +19.19% | +9.20% | +9.99 pts | +10.25% | +18.88% | ₹92.09 Cr |
| 33 | Abakkus Personalised Opportunity Specific Strategy | Abakkus | +19.12% | +9.20% | +9.92 pts | +21.75% | +19.20% | ₹2,051 Cr |
| 34 | Carnelian Contra Portfolio Strategy | Carnelian & Advisors | +19.11% | +9.20% | +9.91 pts | +6.63% | — | ₹133 Cr |
| 35 | Equitree Emerging Opportunities | Equitree Capital Advisors | +18.93% | +9.20% | +9.73 pts | -2.43% | +21.65% | ₹1,675 Cr |
| 36 | SiMPL Small Cap Value Portfolio | Securities Investment Management | +18.83% | +9.20% | +9.63 pts | +15.94% | — | ₹159 Cr |
| 37 | Activealphamc | Samvitti Capital | +18.58% | +9.20% | +9.38 pts | +23.40% | +22.42% | ₹539 Cr |
| 38 | Unique Focused Fund | Unique | +18.45% | +9.20% | +9.25 pts | +12.16% | +12.09% | ₹1,238 Cr |
| 39 | Impress Portfolio | Anand Rathi Advisors | +18.20% | +9.20% | +9.00 pts | +11.64% | +15.01% | ₹952 Cr |
| 40 | Badjate Multicap Fund | Badjate Wealth | +18.06% | +9.21% | +8.85 pts | +14.71% | +17.12% | ₹172 Cr |
| 41 | Rising Star | Sundaram Alternate Assets | +18.05% | +9.20% | +8.85 pts | +43.65% | +15.06% | ₹174 Cr |
| 42 | India Rising SME Stars | Hem Securities | +17.98% | +8.04% | +9.94 pts | +24.33% | — | ₹86.74 Cr |
| 43 | Carnelian Shift Strategy | Carnelian & Advisors | +17.89% | +9.20% | +8.69 pts | +9.35% | +19.26% | ₹6,261 Cr |
| 44 | Motilal Oswal Founders Portfolio | Motilal Oswal | +17.81% | +9.20% | +8.61 pts | +6.08% | — | ₹4,289 Cr |
| 45 | Impress Portfolio - NRI | Anand Rathi Advisors | +17.76% | +9.20% | +8.56 pts | +11.31% | +14.83% | ₹72.53 Cr |
| 46 | QUESTPMS Multi Portfolio | Quest | +17.69% | +9.20% | +8.49 pts | +8.00% | +12.31% | ₹701 Cr |
| 47 | ICICI Prudential PMS ACE Strategy | ICICI Prudential | +17.53% | +9.20% | +8.33 pts | +0.94% | +12.47% | ₹1,411 Cr |
| 48 | High Quality Consistent Compounders | Prescientcap Investment Advisors | +17.45% | +9.21% | +8.24 pts | +15.87% | — | ₹428 Cr |
| 49 | Emkay New Vitalized India | Emkay | +17.34% | +9.20% | +8.14 pts | +26.24% | — | ₹111 Cr |
| 50 | Focused Opportunities Strategy | Motilal Oswal | +17.23% | +9.20% | +8.03 pts | +7.52% | +18.08% | ₹64.79 Cr |
Returns are annualised for periods over a year and are what each portfolio manager reported to APMI for September 2026: time-weighted and net of fees and expenses, as SEBI requires. "vs benchmark" is the strategy's 3-year return minus its benchmark's, in percentage points. Each manager chooses its own benchmark, so a large gap can reflect an easy benchmark as much as skill. Only strategies still reporting, with ₹25 crore or more and a 3-year record, are ranked; closed and smaller strategies are left out, which flatters the share that beat their benchmark. Past returns don't predict future returns, and a ranking is not a recommendation. A PMS needs at least ₹50 lakh; read how these tables are built.
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