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Nirmal Bang Securities Pvt Ltd – Portfolio Management Services (PMS)

Nirmal Bang Securities Pvt. Ltd. (hereinafter referred as ‘NBSPL’) has been incorporated in the year 1997. It has a portfolio manager license (registration number INP000002981) to offer investment management,portfolio management and advisory services to High-Net-Worth Individuals (HNIs), institutional clients,corporates and other permissible class of investors.Founded by Late Shri Nirmal M. Bang together with his brothers Mr. Dilip M. Bang and Mr. Kishore M.Bang in the year 1986, NBSPL is currently headed by Mr. Dilip M. Bang and Mr. Kishore M. Bang, as Co founders. Since inception, the company’s underlying focus has been on clients’ interest, a key differentiator in the financial services industry.

AUM (₹ Cr)

163.81

Clients

109

Strategies

1

As On

31 December 2025

Investment Strategies & Performance

Portfolio Management Services (PMS)

Nirmal Bang Securities Pvt Ltd Portfolio Management Services (PMS) - Performance Returns
Strategy Category 1Y 3Y 5Y Inception
Equity Multi Cap Multi Cap & Flexi Cap 0.28% — — Oct 2023

Past performance is not indicative of future results. Returns are subject to market risks.

Portfolio Managers & Fund Management Team

Mr Manish Ostwal

Fund Manager

Mr. Manish Ostwal is a Chartered Accountant with 20+ years of experience in the Indian Financial Markets. He joined Nirmal Bang as an investment analyst and advisor to the proprietary account holders, progressively advancing to his current role as Fund Manager for Nirmal Bang PMS, leveraging his extensive experience and knowledge. Mr. Ostwal emphasizes on wealth creation through strong business models, competitive advantages, efficient capital allocation, and sound corporate governance. Having a 20 years of experience in the field of investment management, he has a considerable understanding of global businesses and stock picking is his forte. His investment philosophy centers on acquiring quality businesses demonstrating superior growth potential at reasonable valuations.

Interested in Nirmal Bang Securities Pvt Ltd?

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Regulatory Information

SEBI Registration: INP000002981

Registered Office: 301/302, B-2, Marathon Innova,Opp. Peninsula Building, G. K. Marg,Lower Parel (W), Mumbai - 400013

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Last Updated: December 2025 · Published by Affluense AI (affluense.ai)