Large PMS players join hands to set up industry association

It’s been just a few months since the portfolio management service (PMS) industry that caters to high networth investors formally incorporated its industry association. Led by NJ India Invest, White Oak Capital Management and Marcellus Investment Managers (headed by Saurabh Mukherjea), the Association of Portfolio Managers of India (APMI) was incorporated in December 2021 and is in the initial stages of building its membership. In an interview to Mint, Neeraj Choksi, founder, NJ India Invest Pvt Ltd; Aashish Somaiyaa, CEO, White Oak Capital Management; and Rashim Bagga, principal officer, APMI, spoke on several industry issues and what the association intends to achieve.  Edited excerpts.

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