Top PMS in India 2026 – Best Performers, Full Ranking & PMS to Avoid
This page presents a data-driven ranking of Portfolio Management Services (PMS) in India based on long-term benchmark outperformance, downside risk, consistency of returns, and institutional scale. The goal is to help investors understand which PMS strategies are strongest, how all PMS compare, and which strategies require caution.
Top 10 PMS in India
These PMS demonstrate strong multi-year alpha generation, healthy recent momentum, controlled drawdowns during weak markets, and credible AUM with meaningful track records.
| Rank | PMS | AMC | Score | 3Y Alpha | 5Y Alpha | AUM (₹ Cr) | Track Record | Insight |
|---|---|---|---|---|---|---|---|---|
| 1 | Core Fund | Stallion Asset Pvt Ltd | 80.05 | +22.02% | +10.38% | ₹6,562.45 | 7.3 yrs | Strong consistent benchmark outperformance with credible institutional scale. |
| 2 | Diversified Fund | Wallfort PMS and Advisory Services LLP | 78.84 | +24.42% | +22.81% | ₹397.19 | 7.3 yrs | Strong consistent benchmark outperformance with credible institutional scale. |
| 3 | India Opportunities Product | Aequitas Investment Consultancy Pvt Ltd | 78.36 | +31.05% | +30.5% | ₹4,264.64 | 13 yrs | Strong consistent benchmark outperformance with credible institutional scale. |
| 4 | Dividend Yield | Green Portfolio Pvt Ltd | 69.64 | +14.36% | +13.16% | ₹26.7 | 6.4 yrs | Moderate performance relative to peers. |
| 5 | Dynamo | Accuracap | 68.93 | +13.48% | +9.47% | ₹13.68 | 9.1 yrs | Moderate performance relative to peers. |
| 6 | Equity Fund | Sameeksha Capital Pvt Ltd | 67.67 | +9.05% | +6.64% | ₹1,190.1 | 9.9 yrs | Moderate performance relative to peers. |
| 7 | QueenBee | Moneybee Securities Pvt Ltd | 67.38 | +6.61% | +21.12% | ₹112.02 | 18.5 yrs | Moderate performance relative to peers. |
| 8 | Alpha Fund | Green Lantern Capital LLP | 67.03 | +14.54% | +12.72% | ₹51.82 | 6 yrs | Moderate performance relative to peers. |
| 9 | I Alpha | Estee Advisors Pvt Ltd | 66.61 | +4.73% | +4.36% | ₹257 | 16.4 yrs | Moderate performance relative to peers. |
| 10 | PIPE Strategy | ICICI Prudential AMC Ltd | 62.47 | +9.19% | +12.02% | ₹7,144.08 | 6.4 yrs | Moderate performance relative to peers. |
Full PMS Ranking Table (Top 25)
This table provides a transparent comparison of PMS strategies based on risk-adjusted long-term quality rather than short-term returns. Rows are sorted using a composite PMS score.
| Rank | PMS | AMC | Score | Category | 3Y Alpha | 5Y Alpha | 1Y Alpha | Positive Years % | Worst Year | AUM (₹ Cr) | Track Record | Insight |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Core Fund | Stallion Asset Pvt Ltd | 80.05 | Top | +22.02% | +10.38% | -9.31% | 75% | -4.78% | ₹6,562.45 | 7.3 yrs | Strong long-term alpha and recovery after drawdowns. |
| 2 | Diversified Fund | Wallfort PMS and Advisory Services LLP | 78.84 | Top | +24.42% | +22.81% | -7.89% | 100% | 25.21% | ₹397.19 | 7.3 yrs | Strong long-term alpha and recovery after drawdowns. |
| 3 | India Opportunities Product | Aequitas Investment Consultancy Pvt Ltd | 78.36 | Top | +31.05% | +30.5% | +29.93% | 79% | -54.41% | ₹4,264.64 | 13 yrs | Strong long-term alpha and recovery after drawdowns. |
| 4 | Dividend Yield | Green Portfolio Pvt Ltd | 69.64 | Good | +14.36% | +13.16% | -0.15% | 86% | -18.35% | ₹26.7 | 6.4 yrs | Moderate performance relative to peers. |
| 5 | Dynamo | Accuracap | 68.93 | Good | +13.48% | +9.47% | -11.78% | 100% | 10.39% | ₹13.68 | 9.1 yrs | Moderate performance relative to peers. |
| 6 | Equity Fund | Sameeksha Capital Pvt Ltd | 67.67 | Good | +9.05% | +6.64% | -2.29% | 100% | 4.5% | ₹1,190.1 | 9.9 yrs | Moderate performance relative to peers. |
| 7 | QueenBee | Moneybee Securities Pvt Ltd | 67.38 | Good | +6.61% | +21.12% | -29.8% | 50% | -0.2% | ₹112.02 | 18.5 yrs | Moderate performance relative to peers. |
| 8 | Alpha Fund | Green Lantern Capital LLP | 67.03 | Good | +14.54% | +12.72% | -0.73% | 86% | -21.49% | ₹51.82 | 6 yrs | Moderate performance relative to peers. |
| 9 | I Alpha | Estee Advisors Pvt Ltd | 66.61 | Good | +4.73% | +4.36% | +5.19% | 100% | 4.86% | ₹257 | 16.4 yrs | Moderate performance relative to peers. |
| 10 | PIPE Strategy | ICICI Prudential AMC Ltd | 62.47 | Good | +9.19% | +12.02% | -6.68% | 86% | -28.7% | ₹7,144.08 | 6.4 yrs | Moderate performance relative to peers. |
| 11 | Long Term Value Fund | 2Point2 Capital | 61.56 | Good | +8.6% | +5.8% | +15.8% | 90% | -24.58% | ₹1,791.01 | 9.6 yrs | Moderate performance relative to peers. |
| 12 | Opportunities | Buoyant Capital Pvt Ltd | 61.29 | Good | +8.39% | +10.9% | +8.96% | 80% | -40.24% | ₹8,024.61 | 9.7 yrs | Moderate performance relative to peers. |
| 13 | Diversified Long Term Value | Counter Cyclical Investments Pvt Ltd | 60.46 | Good | +8.71% | +27.04% | -20.18% | 86% | -35.25% | ₹788.53 | 6.6 yrs | Moderate performance relative to peers. |
| 14 | ACE Multi Asset | Asit C Mehta Investment Intermediates Ltd | 60.19 | Good | +17% | +10.89% | -1.14% | 88% | -29.65% | ₹14.55 | 7.4 yrs | Moderate performance relative to peers. |
| 15 | Growth Fund | Green Lantern Capital LLP | 59.77 | Good | +23.76% | +26.25% | -5.8% | 67% | -37% | ₹1,274.09 | 8.2 yrs | Moderate performance relative to peers. |
| 16 | India at 75 Core and Satellite | Spark Asia Impact Managers Pvt Ltd | 59.54 | Good | +4.04% | +5.87% | -5.17% | 100% | 3.18% | ₹370.7 | 6.7 yrs | Moderate performance relative to peers. |
| 17 | India at 75 FlexiCap | Spark Asia Impact Managers Pvt Ltd | 59.48 | Good | +5.83% | +4.59% | -2.12% | 100% | 6.77% | ₹482.2 | 7 yrs | Moderate performance relative to peers. |
| 18 | Large and Midcap Strategy | Care Portfolio Managers Pvt Ltd | 59 | Good | +10.64% | +4.08% | +4.4% | 83% | -2.78% | ₹51.3 | 5.6 yrs | Moderate performance relative to peers. |
| 19 | Multicap Growth Equity Strategy | Girik Wealth Advisors Pvt Ltd | 58.66 | Good | +8.07% | +4.55% | -14.09% | 76% | -10.69% | ₹1,621.4 | 16.2 yrs | Moderate performance relative to peers. |
| 20 | Contra Strategy | ICICI Prudential AMC Ltd | 57.97 | Good | +4.45% | +6.78% | +2.78% | 88% | -27.5% | ₹13,043.33 | 7.4 yrs | Moderate performance relative to peers. |
| 21 | Axis Securities Pure Contra | Axis Securities Ltd | 57.13 | Good | +3.66% | +4.3% | -11% | 100% | 1.94% | ₹2,160.19 | 5.2 yrs | Moderate performance relative to peers. |
| 22 | Large Cap | Narnolia Financial Services Ltd | 56.98 | Good | +3.1% | -0.47% | -5% | 100% | 12.14% | ₹111.55 | 13.9 yrs | Moderate performance relative to peers. |
| 23 | Mid and Small Cap | Narnolia Financial Services Ltd | 56.67 | Good | +5.22% | +0.04% | -12.27% | 100% | 10.75% | ₹78.76 | 10.8 yrs | Moderate performance relative to peers. |
| 24 | Wealth Maximizer | MRG Investment Partners Pvt Ltd | 56.35 | Good | +8.75% | +1.73% | -1.87% | 100% | 14.79% | ₹15.65 | 6.7 yrs | Moderate performance relative to peers. |
| 25 | Select Sector Portfolio | Aditya Birla Sun Life AMC | 56.34 | Good | +9.68% | +9.33% | -3% | 76% | -29.2% | ₹554.63 | 16.4 yrs | Moderate performance relative to peers. |
PMS Requiring Caution
Strategies listed below exhibit persistent benchmark underperformance, weak recent returns, limited consistency, or relatively small institutional scale. These characteristics warrant careful evaluation by investors.
| Rank | PMS | AMC | Score | 3Y Alpha | 5Y Alpha | AUM (₹ Cr) | Track Record | Reason |
|---|---|---|---|---|---|---|---|---|
| 1 | Ascent | Alchemy Capital Management | 19.29 | -4.44% | -1.21% | ₹298 | 6.4 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 2 | Growth Strategy | SMC Global Securities Ltd | 22.19 | -4.38% | -2.47% | ₹167.56 | 6.4 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 3 | Alpha Invest | DRChoksey FinServ Pvt Ltd | 24.36 | -7.92% | -5.32% | ₹592.16 | 18.9 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 4 | Core and Satellite | Axis Asset Management Company Ltd | 24.55 | -3% | -3.73% | ₹96.36 | 6.2 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 5 | ASK Life Portfolio | ASK Investment Managers Ltd | 25.37 | -6.52% | -6.08% | ₹74 | 17.5 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 6 | ACT | Tata Asset Management Ltd | 25.39 | -3.8% | -3.25% | ₹99.76 | 7 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 7 | ASK Growth Portfolio | ASK Investment Managers Ltd | 25.92 | -6.79% | -6.61% | ₹1,109 | 25.1 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 8 | Little Champs | Marcellus Investment Managers Pvt Ltd | 26.55 | -17.3% | -11.63% | ₹163.35 | 6.5 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 9 | ASK Strategic Portfolio | ASK Investment Managers Ltd | 27.05 | -4.96% | -4.54% | ₹64 | 16.2 yrs | Persistent underperformance with weak recent momentum and small AUM. |
| 10 | DAWN | Invesco Asset Management (I) Pvt Ltd | 28.41 | -2.16% | +0.16% | ₹241.16 | 8.5 yrs | Persistent underperformance with weak recent momentum and small AUM. |
Ranking Methodology
- Long-term alpha (40%) – 3Y, 5Y, and since-inception outperformance vs benchmark
- Consistency (20%) – proportion of positive financial years
- Risk control (15%) – penalty for deep drawdowns
- Scale & track record (15%) – AUM size and operating history
- Recent momentum (10%) – latest 1-year alpha
This framework reflects institutional wealth-management evaluation standards focused on long-term quality rather than short-term return chasing.
Frequently Asked Questions
Which PMS is best in India in 2026?
Top PMS are those delivering consistent long-term benchmark outperformance, controlled downside risk, and credible AUM. Refer to the Top 10 PMS table above.
How are PMS requiring caution identified?
Strategies showing persistent underperformance, weak recent returns, low consistency, or very small AUM are highlighted for careful evaluation.
How often is this ranking updated?
Rankings are reviewed periodically using the latest available performance data.