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The Association of Portfolio Managers in India (APMI) data on AUM of non- discretionary PMS shows that Deutsche Investments India, Kotak Mahindra Asset Management and 360 One Portfolio Managers are the top three players in equity non-discretionary PMS.
Deutsche Investments India tops the list with AUM of Rs. 3,500 crore. Next two are Kotak Mahindra Asset Management and 360 One Portfolio Managers with AUM of Rs.1,800 crore and Rs 1,300 crore, respectively.
In non-discretionary PMS, the portfolio managers have to take approval of investors before executing any transaction.
Let us look at the top 10 non-discretionary equity PMS providers:
|
Equity |
|
|
PMS Provider |
AUM (Rs in cr) |
|
Deutsche Investments India |
3,531 |
|
Kotak Mahindra Asset Management |
1,876 |
|
360 One Portfolio Managers |
1,328 |
|
Avendus Wealth Management |
880 |
|
Spark PWM |
742 |
|
HDFC Asset Management Company |
609 |
|
J M Financial |
429 |
|
Standard Chartered Securities (India) |
337 |
|
Pioneer Client Associates |
287 |
|
Prudent Investment Manager |
281 |
In non-discretionary debt category, the top three PMS with highest AUM are Avendus Wealth Management, Dezerv Investments and 360 One Portfolio Managers with AUM of Rs 7,500 crore, Rs.400 crore and Rs.350 crore, respectively.
Top debt PMS non-discretionary:
|
Debt |
|
|
|
PMS Provider |
AUM (Rs in cr) |
|
|
Avendus Wealth Management |
7,546 |
|
|
Dezerv Investments |
412 |
|
|
360 One Portfolio Managers |
351 |
|
|
Pioneer Client Associates |
220 |
|
|
Barclays Securities (India) |
202 |
|
|
Valtrust Partners |
4 |
|
|
Trivantage Capital Management India |
0.17 |
|
In non-discretionary hybrid category, Avendus Wealth Management has the highest AUM followed by Klay Securities and Incred Capital Wealth Portfolio Managers.
Top hybrid non- discretionary PMS:
|
Hybrid |
|
|
PMS Provider |
AUM (Rs in crore) |
|
Avendus Wealth Management |
4,478 |
|
Klay Securities |
468 |
|
Incred Capital Wealth Portfolio Managers |
399 |
|
Pioneer Client Associates |
283 |
|
Spark PWM |
275 |
|
Propshare Capital Advisors |
192 |
|
HDFC Asset Management Company |
109 |
|
NJ Asset Management |
12 |
In non-discretionary multi asset category, 360 One Portfolio Managers has the highest assets.
Top 10 multi asset PMS non-discretionary:
|
Multi asset |
|
|
PMS Provider |
AUM (Rs in cr) |
|
360 One Portfolio Managers |
20,984 |
|
Avendus Wealth Management |
4,037 |
|
Ask Wealth Advisors |
3,552 |
|
Nuvama Asset Management |
3,113 |
|
Julius Baer Wealth Advisors (India) |
3,083 |
|
Barclays Securities (India) |
2,882 |
|
Trust Investment Advisors |
2,678 |
|
O3 Securities |
2,306 |
|
Neo Asset Management |
574 |
|
Dezerv Investments |
539 |
Considering the growth of PMS industry, Cafemutual is hosting an event titled 'Cafemutual Alternates' on August 23, 2024, at the Taj Santacruz in Mumbai.
The event will provide insights into opportunities in the distribution of alternative products within the PMS industry. For those interested in emerging trends and networking with industry professionals, this event is a great opportunity. Click here to register.