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

Nirmal Bang Securities Pvt. Ltd. (NBSPL), established in 1997, is a registered Portfolio Manager (registration number INP000002981). The firm provides investment management, portfolio management, and advisory services to a diverse client base, including High-Net-Worth Individuals (HNIs), institutional investors, corporations, and other eligible investor categories. Originally founded in 1986 by the late Shri Nirmal M. Bang and his brothers, Mr. Dilip M. Bang and Mr. Kishore M. Bang, NBSPL is currently under the leadership of Co-founders Mr. Dilip M. Bang and Mr. Kishore M. Bang. A core principle guiding NBSPL since its inception has been the prioritization of client interests, a distinguishing characteristic within the financial services sector.

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, a Chartered Accountant, brings over two decades of expertise in the Indian financial markets. His journey at Nirmal Bang began as an investment analyst and advisor for proprietary account holders, culminating in his present capacity as Fund Manager for Nirmal Bang PMS, where he applies his substantial experience and acumen. Mr. Ostwal's investment approach prioritizes wealth generation, achieved by identifying companies with robust business models, sustainable competitive advantages, effective capital deployment, and strong corporate governance. With 20 years in investment management, he possesses a deep comprehension of global enterprises and excels in stock selection. His investment philosophy is predicated on acquiring high-quality businesses exhibiting exceptional growth prospects at opportune valuations.

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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

Disclaimer

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

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