Mid & small PMS firms proliferate

More than two dozen mid and small-sized firms are challenging the top players in India's fast-growing and profitable portfolio management scheme (PMS) space.

- NESIL STANEY

MORE THAN TWO dozen mid and small-sized firms are challenging the top players in India's fast-growing and profitable portfolio management scheme (PMS) space. These smaller outfits—around 25 of them—are, by one estimate, manage close to ₹1 lakh crore. Data from PMS Bazaar reveals they have built up portfolios of anywhere between ₹3,000-₹5,500 crore in a relatively short time.

These include Alchemy Capital with ₹5,328 crore assets, Buoyant with assets of ₹4,550 crore, Aequitas Investment Consultancy ₹3,193 crore, Marcellus Investment Managers with ₹3,289 crore and Aashish PSomaiyaa's White Oak Capital Management with ₹4,531 crore.