Largest PMS in India by AUM
The 50 biggest portfolio management strategies by client assets for September 2026. Size shows where investors have put money, not which strategy will do best, so the returns and benchmark gap sit beside it.
| # | Strategy | Firm | AUM | 3Y return | vs benchmark | 1Y | Benchmark |
|---|---|---|---|---|---|---|---|
| 1 | Enam India Equity Portfolio | Enam | ₹21,575 Cr | +9.47% | +0.27 pts | +5.03% | BSE 500 TRI |
| 2 | ICICI Prudential PMS Contra Strategy | ICICI Prudential | ₹13,511 Cr | +12.26% | +3.06 pts | +0.19% | BSE 500 TRI |
| 3 | Customised Discretionary Portfolio - Equity | 360 One | ₹12,701 Cr | +12.18% | +2.98 pts | +4.08% | BSE 500 TRI |
| 4 | ValueQuest Alpha | Valuequest Investment Advisors | ₹11,843 Cr | +13.88% | +4.68 pts | +13.25% | BSE 500 TRI |
| 5 | Blended- Rangoli | Unifi Capital | ₹11,005 Cr | +8.46% | -0.74 pts | +5.32% | BSE 500 TRI |
| 6 | Stallion Asset Core Fund | Stallion Asset | ₹10,340 Cr | +33.41% | +24.21 pts | +18.39% | BSE 500 TRI |
| 7 | Enam India Core Equity Portfolio | Enam | ₹8,922 Cr | +9.94% | +0.74 pts | +14.76% | BSE 500 TRI |
| 8 | ICICI Prudential PMS PIPE Strategy | ICICI Prudential | ₹8,086 Cr | +13.38% | +4.18 pts | +4.37% | BSE 500 TRI |
| 9 | Abakkus All Cap Approach | Abakkus | ₹7,337 Cr | +8.88% | -0.32 pts | +3.06% | BSE 500 TRI |
| 10 | BRAINPOINT Future Winners | Brainpoint Investment Centre | ₹7,297 Cr | +15.88% | +6.68 pts | +9.93% | BSE 500 TRI |
| 11 | Karma Capital KWB Select PMS | Karma Capital Advisors | ₹6,549 Cr | — | — | -1.55% | BSE 500 TRI |
| 12 | Carnelian Shift Strategy | Carnelian & Advisors | ₹6,261 Cr | +17.89% | +8.69 pts | +9.35% | BSE 500 TRI |
| 13 | Abakkus Emerging Opportunities Approach | Abakkus | ₹6,103 Cr | +12.10% | +2.90 pts | +6.74% | BSE 500 TRI |
| 14 | Alchemy Select Stock | Alchemy Capital Management | ₹5,383 Cr | +19.65% | +10.45 pts | +14.78% | BSE 500 TRI |
| 15 | ASK Indian Entrepreneur Portfolio | ASK | ₹4,990 Cr | +1.75% | -7.44 pts | -9.52% | BSE 500 TRI |
| 16 | Growth at Reasonable Price | Banyan Tree Advisors | ₹4,898 Cr | +5.54% | -0.52 pts | -12.91% | Nifty 50 TRI |
| 17 | Motilal Oswal Founders Portfolio | Motilal Oswal | ₹4,289 Cr | +17.81% | +8.61 pts | +6.08% | BSE 500 TRI |
| 18 | Carnelian Bespoke Portfolio | Carnelian & Advisors | ₹4,222 Cr | +22.45% | +13.25 pts | +19.97% | BSE 500 TRI |
| 19 | Next Trillion Dollar Opportunity Strategy | Motilal Oswal | ₹4,200 Cr | +10.10% | +0.90 pts | +3.12% | BSE 500 TRI |
| 20 | SageOne Mid & Small Cap | Sageone | ₹4,185 Cr | +16.62% | +7.42 pts | +8.19% | BSE 500 TRI |
| 21 | Enam India Diversified Equity Advantage Portfolio | Enam | ₹3,535 Cr | +9.90% | +0.70 pts | +13.37% | BSE 500 TRI |
| 22 | ValueQuest Platinum | Valuequest Investment Advisors | ₹3,451 Cr | +11.18% | +1.98 pts | +9.00% | BSE 500 TRI |
| 23 | Abakkus All Cap (FPI) Approach | Abakkus | ₹3,391 Cr | +15.66% | +6.46 pts | +15.12% | BSE 500 TRI |
| 24 | Value Migration Strategy | Motilal Oswal | ₹3,094 Cr | +15.69% | +6.49 pts | -1.38% | BSE 500 TRI |
| 25 | Bellwether Long Term Growth | Bellwether Capital | ₹3,010 Cr | +12.22% | +3.02 pts | +11.18% | BSE 500 TRI |
| 26 | 360 ONE Multicap PMS | 360 One | ₹2,841 Cr | +8.13% | -1.07 pts | +1.31% | BSE 500 TRI |
| 27 | The All-Star Portfolio | Clubmillionaire Financial Services | ₹2,805 Cr | +8.70% | -0.50 pts | -8.01% | BSE 500 TRI |
| 28 | Carnelian Capital Compounder Strategy | Carnelian & Advisors | ₹2,615 Cr | +20.30% | +11.10 pts | +14.82% | BSE 500 TRI |
| 29 | Motilal Oswal Mid to Mega Strategy | Motilal Oswal | ₹2,467 Cr | +19.95% | +10.75 pts | +20.23% | BSE 500 TRI |
| 30 | Reverse Research | MIV Investment Services | ₹2,354 Cr | +18.37% | +12.31 pts | +30.58% | Nifty 50 TRI |
| 31 | Aequitas India Opportunities Product | Aequitas Investment Consultancy | ₹2,197 Cr | +23.75% | +17.69 pts | +16.67% | Nifty 50 TRI |
| 32 | AAA India Opportunity PMS | AlfAccurate Advisors | ₹2,061 Cr | +10.53% | +1.33 pts | -0.92% | BSE 500 TRI |
| 33 | Sahasrar Concentrated Growth Portfolio | Sahasrar Capital | ₹2,055 Cr | +46.99% | +42.99 pts | +57.38% | MSEI SX 40 TRI |
| 34 | Abakkus Personalised Opportunity Specific Strategy | Abakkus | ₹2,051 Cr | +19.12% | +9.92 pts | +21.75% | BSE 500 TRI |
| 35 | Sisop | Sundaram Alternate Assets | ₹2,027 Cr | +23.80% | +14.60 pts | +25.55% | BSE 500 TRI |
| 36 | GLC Growth Fund | Green Lantern Capital | ₹2,020 Cr | +24.68% | +15.48 pts | +11.44% | BSE 500 TRI |
| 37 | ValueQuest Growth | Valuequest Investment Advisors | ₹2,011 Cr | +14.18% | +4.98 pts | +26.39% | BSE 500 TRI |
| 38 | Prudence | Solidarity Advisors | ₹1,938 Cr | +19.68% | +10.48 pts | +37.77% | BSE 500 TRI |
| 39 | BCAD Breakout 20 | Unifi Capital | ₹1,841 Cr | +7.47% | -1.73 pts | +4.39% | BSE 500 TRI |
| 40 | Unique Strategic Fund | Unique | ₹1,711 Cr | +14.35% | +5.15 pts | +4.55% | BSE 500 TRI |
| 41 | AAA Budding Beasts PMS | AlfAccurate Advisors | ₹1,691 Cr | +20.40% | +11.20 pts | +20.62% | BSE 500 TRI |
| 42 | Equitree Emerging Opportunities | Equitree Capital Advisors | ₹1,675 Cr | +18.93% | +9.73 pts | -2.43% | BSE 500 TRI |
| 43 | 360 ONE Phoenix Portfolio | 360 One | ₹1,621 Cr | +10.93% | +1.73 pts | +1.79% | BSE 500 TRI |
| 44 | Girik Multicap Strategy | Girik Wealth Advisors | ₹1,616 Cr | +13.96% | +7.90 pts | +4.31% | Nifty 50 TRI |
| 45 | Purnartha Pratham | Purnartha Investment Advisers | ₹1,597 Cr | +12.54% | +3.34 pts | +14.93% | BSE 500 TRI |
| 46 | ICICI Prudential PMS Growth Leaders Strategy | ICICI Prudential | ₹1,572 Cr | +13.65% | +4.45 pts | +1.55% | BSE 500 TRI |
| 47 | Consistent Compounders | Marcellus | ₹1,482 Cr | +3.59% | -2.47 pts | -0.99% | Nifty 50 TRI |
| 48 | Avestha Growth | Avestha Fund Management | ₹1,478 Cr | +13.72% | +4.52 pts | +13.90% | BSE 500 TRI |
| 49 | ICICI Prudential PMS ACE Strategy | ICICI Prudential | ₹1,411 Cr | +17.53% | +8.33 pts | +0.94% | BSE 500 TRI |
| 50 | SiMPL Multi Cap Value Portfolio | Securities Investment Management | ₹1,364 Cr | +11.23% | +2.03 pts | -1.76% | BSE 500 TRI |
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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