Right Angle Wealth is a New Age Investment Services Company, providing analytics-backed quality investing service with an endeavor and promise for wealth creation and prosperity.
Over 6 years, we have been serving 700+ UHNI & NRI families, across 1800 Cr+ , and Price with an endeavor to ascertain the Quality, Risk, and Consistency (QRC) attributes before suggesting the same to investors.
We are genuine, visionary, creative, focused, and persistent.
Portfolio Management Services (PMS) and AIF Industry in India – 2025 Update
Asset Growth Trends
- Robust AUM Expansion: Both PMS and AIF segments have witnessed strong asset growth in recent years. The total PMS assets under management (AUM) reached about 37 Lakh crore by March 2025 (including large mandates from provident funds) – up roughly 18% year-on-year.
- AIF AUM Surging: The Alternative Investment Funds (AIF) industry’s asset base is smaller than PMS but growing at a faster clip. As of March 2024, AIFs’ committed AUM stood at approximately ₹13.34 lakh crore, up 36% from about ₹8.34 lakh crore in March 2023. Growth was broad-based across categories:
- Category I AIFs (venture capital funds, infrastructure funds, social/SME funds) grew ~30% in AUM to roughly ₹0.89 lakh crore by March 2024 reflecting increased venture capital and startup investing.
- Category II AIFs (private equity, real estate, private debt funds, etc.) comprise the bulk of assets – about ₹10 lakh crore – rising ~32% year-on-yearcafemutual.com, fueled by innovative strategies in private credit and venture debt attracting HNI moneycafemutual.com.
- Category III AIFs (hedge funds, long-short equity, etc.) though smaller at around 2,29,927 lakh crore, saw the highest growth (~79% YoY) as wealthy investors flocked to long-short hedge funds post new tax rules (these funds are taxed at the fund level, offering some tax efficiency over direct debt fund investments for high-tax-bracket individuals)
Industry Expansion and Oversight: The industry itself has expanded in an organized manner under SEBI’s oversight. There are hundreds of registered players – as of early 2025, about 470 SEBI-registered portfolio managers (PMS providers) were in operationsebi.gov.in, and over 1,560 AIFs were registered across Category I, II, IIIsebi.gov.in. Industry bodies like the Association of Portfolio Managers in India (APMI) and the IVCA (for venture capital/AIF) have been working closely with regulators to implement best practices.
To help you invest in the top PMS in India, we analyze products across 5 Ps – People, Philosophy, Performance, Portfolio and Price with an endeavor to ascertain the Quality, Risk, and Consistency (QRC) attributes before suggesting the same to investors.