PMS & AIF
Overview
PMS and AIF are high-ticket products for HNI clients. They provide significant trail commissions and are part of Wealthy’s complete product ecosystem.
Commission Summary
| Product | Trail | Upfront | Type |
|---|---|---|---|
| PMS | 0.80% – 1.40% | — | Trail (monthly recurring) |
| AIF (CAT II) | 0.32% – 1.04% | up to 1.00% | Mostly trail; some upfront |
| AIF (CAT III) | 0.90% – 1.40% | — | Trail |
Source: official rate card from Wealthy AMC partnerships team. Rates applicable for fresh cases under standard fixed-fee unit class. Subject to change without prior intimation. ARN partners of WealthyIN Customer Services Pvt Ltd only.
PMS (Portfolio Management Services)
- Professional portfolio management for HNI clients
- Minimum investment thresholds apply (typically ₹50 lakh+)
- All major PMS providers available
- Curated for quality — full list available from your RM on onboarding
PMS Partner Trail Rates (Mar 2026)
Standard fixed-fee option. View Strategies = full strategy list from the AMC.
| AMC | Strategy | Trail |
|---|---|---|
| 360 One Asset Management | View Strategies | 1.20% |
| Abakkus Asset Managers | View Strategies | 1.00% |
| Aditya Birla Sun Life AMC | View Strategies | 1.30% |
| Alchemy Capital | View Strategies | 1.00% |
| Ambit Asset Management | View Strategies | 1.20% |
| ASK Investment Managers | View Strategies | 1.40% |
| Axis Asset Management | View Strategies | 1.00% |
| Buoyant Capital | Buoyant Opportunities Portfolio | 0.96% |
| CapitalMind PMS | View Strategies | 0.96% |
| Carnelian Capital | View Strategies | 1.20% |
| Edelweiss | Focused Mid and Small Cap Portfolio II | 1.20% |
| Emkay Investment Managers | View Strategies | 1.40% |
| Helios | Rising India Fund | 1.20% |
| ICICI Pru Portfolio Management | View Strategies | 1.12% |
| ICICI Pru Portfolio Management | Contra | 1.12% |
| ICICI Pru Portfolio Management | PIPE | 1.00% |
| Invesco Asset Management | View Strategies | 1.20% |
| Kotak Asset Management | View Strategies | 1.20% |
| Marcellus Investment Managers | View Strategies | 0.80% |
| Motilal Oswal Asset Management | View Strategies | 1.36% |
| Negen Capital | Special Situation and Technology Fund | 1.00% |
| PGIM India Asset Management | View Strategies | 1.40% |
| Quest Investment Advisors | View Strategies | 1.20% |
| Renaissance Asset Management | View Strategies | 1.20% |
| SBI | View Strategies | 1.20% |
| Stallion Asset Management | Asset Core Fund | 1.00% |
| Sundaram Portfolio Managers | View Strategies | 1.32% |
| Tamohara Investment Managers | Truffle Flexicap Strategy | 0.96% |
| TATA | View Strategies | 1.20% |
| Valentis | Rising Star Portfolio | 1.00% |
| Wallfort | Diversified Fund | 0.80% |
| White Oak Capital | View Strategies | 1.20% |
Highlights: Highest trail — ASK / PGIM / Emkay (1.40%). Lowest — Marcellus / Wallfort (0.80%). Most common — 1.20%.
AIF (Alternative Investment Funds)
- Alternative investment strategies for sophisticated investors
- Minimum investment typically ₹1 Crore+
- Access to top AIF managers
- Full list available from your RM
AIF Partner Rates (Mar 2026)
Fresh cases only, fixed management fee unit class. Closed-ended CAT II schemes subject to availability.
| AMC | Category | Trail | Upfront |
|---|---|---|---|
| 360 One | CAT III | 1.20% | — |
| 360 One | CAT II | 0.80% | — |
| Aditya Birla Sun Life AMC | CAT III | 1.30% | — |
| Aditya Birla Sun Life AMC | CAT II | 0.32% | 0.32% |
| Alchemy Capital | CAT III | 1.00% | — |
| ASK Investment Managers | CAT III | 1.40% | — |
| ASK Private Credit | CAT II | 0.60% | — |
| Buoyant Capital | CAT III | 0.96% | — |
| Carnelian Asset Advisors | CAT III | 1.00% | — |
| Emkay | CAT III | 1.40% | — |
| Helios Capital | CAT III | 1.20% | — |
| ICICI Prudential AMC | CAT III | 1.20% | — |
| ICICI Prudential AMC | CAT II | 0.52% | 1.00% |
| Motilal Oswal Asset Management | CAT III | 1.20% | — |
| Nippon | CAT III | 1.20% | — |
| Quest | CAT III | 1.20% | — |
| Valuequest Investment Advisors | CAT III | 0.90% | — |
| Valuequest Investment Advisors | CAT II | 0.80% | — |
| PGIM India Alternatives | CAT III | 1.20% | — |
| Renaissance Asset Managers | CAT III | 1.08% | — |
| White Oak Investments | CAT III | 1.20% | — |
| The Wealth Company (Series 3) | CAT II | 1.04% | — |
| The Wealth Company (Series 4 & 5) | CAT II | 0.88% | — |
Highlights: Highest CAT III trail — ASK (1.40%), Emkay (1.40%), ABSL (1.30%). Highest CAT II trail — The Wealth Company Series 3 (1.04%). Upfront available on ABSL CAT II (0.32%) and ICICI Pru CAT II (1.00%).
GIFT City Products
Wealthy offers GIFT City (Gujarat International Finance Tec-City) products with global exposure. See GIFT City for the full AMC list and current rates.
Note: Minimum investment for GIFT City Non-Retail products is USD 1,50,000.
Wealthy Select — PMS / AIF / GIFT City Alternates (Mar 2026)
Curated alternates that pair with the Wealthy Select MF list — for HNI clients who want exposure beyond mutual funds. For informational purposes only.
PMS Alternates
| AMC | Strategy | Category | AUM (Cr) | Inception | 5Y CAGR |
|---|---|---|---|---|---|
| ICICI | Contra | Large / Flexi Cap | ₹12,907 | 2018 | 22.82% |
| Stallion | Core Fund | Multi Cap | ₹6,361 | 2018 | 26.56% |
| Carnelian | Shift | Mid & Small Cap | ₹4,667 | 2020 | 28.89% |
| ICICI | PIPE | Small Cap | ₹6,842 | 2019 | 27.38% |
ICICI Contra (Large / Flexi Cap)
- 25–30 stocks · Managers: Anand Shah, Chockalingam Narayanan, Geetika Gupta
- Returns: 1Y 12.9% · 3Y 20.86% · 5Y 22.82% · Since-inception 19.20% (vs BSE500 13.70%)
- Risk: SD 13.84 · Alpha 4.01 · Sharpe 1.03
- Strategy: contrarian — invests in low-sentiment stocks expected to recover
- ⚠️ May underperform in momentum markets
Stallion Core Fund (Multi Cap)
- 20–25 stocks · Managers: Amit Jeswani, Arpit Shah
- Returns: 1Y 7.15% · 3Y 38.45% · 5Y 26.56% · Since-inception 27.30% (vs BSE500 15.67%)
- Risk: SD 18.01 · Alpha 11% · Sharpe 1.12
- ⚠️ High volatility — −1.68% in CY2025 vs benchmark 7.63%
Carnelian Shift (Mid & Small Cap)
- 25–30 stocks · Managers: Manoj Baheti, Kunal Shah
- Returns: 1Y −3.49% · 3Y 27.36% · 5Y 28.89% · Since-inception 31.67%
- Risk: SD 14.5 · Alpha 12.24 · Sharpe 1.7
- Focus: manufacturing + tech (China+1, PLI themes)
- ⚠️ Concentration risk in manufacturing / tech
ICICI PIPE (Small Cap)
- 20–25 stocks · Manager: Anand Shah + team
- Returns: 1Y −3.49% · 3Y 27.36% · 5Y 28.89% · Since-inception 31.67%
- Risk: SD 16.49 · Alpha 6.29 · Sharpe 1.05
- Framework: BMV (Business — Management — Valuation)
- ⚠️ High risk; long horizon required
AIF Alternates
CAT II — Private Credit
360 One — Income Opportunities Fund Series 7
- Close-ended · Tenure 2 years (April 2028)
- Target Gross IRR: up to 12.5% p.a.
- Senior secured instruments, 2× security cover
- Annual distributions; sector-agnostic (no distressed / venture / infra exposure)
ICICI — Corporate Credit Opportunities Fund Series 3
- Close-ended · Tenure 4+1+1 years (March 2030)
- Weighted avg gross yield: 14.2%
- Min 14 years operating history for investees
- No MFIs / NBFCs / new-age / media · 2× security cover
CAT II — Private Equity
The Wealth Company — Bharat Value Fund
- Close-ended · Tenure 5.5 years
- Target fund size: ₹4,000 Cr · Target XIRR: 15%
- Pre-IPO focus, PAT-positive companies with > ₹500 Cr revenue
- Themes: Make in India, rural consumption, sustainable impact
- Ticket: ₹250–400 Cr across 12–15 companies
ValueQuest — Scale II
- Close-ended · Tenure 8+1+1 years
- Predecessor gross IRR ~39%, 1.8× MOIC
- Growth and late-stage; Classic + New Economy
- Ticket: ₹150–400 Cr
CAT III — Long Only
Buoyant — India Opportunities Portfolio (Large / Flexi Cap)
- 25–30 stocks · Managers: Jigar Mistry, Sachin Khivasara, Viral Berawala
- Returns: 1Y 18.2% · 3Y 16.3% · 5Y 26.70% · Since-inception 21.6% (vs BSE500 14.8%)
- 50% large-cap; low SD, high Sharpe; 96% consistency in 5Y rolling outperformance
ICICI — Growth Leader Fund Series VI (Large & Mid Cap)
- 40 stocks · Manager: Anand Shah + team
- Returns: 1Y 9.18% · 3Y 23.32% · 5Y 21.69% · Since-inception 20.26% (vs BSE200 10.38%)
- Strong fundamentals: 22.12% PAT growth, 20.07% ROE growth, P/E 28.32
Carnelian — Bharath Amritkal (Large & Mid Cap)
- 40 stocks · Managers: Vikas Khemani, Manoj Baheti, Swati Khemani
- Returns: 1M −4.4% · 3M −5.1% · Since-inception 15.0% (vs BSE500 13.6%)
- 20.3% earnings CAGR · ROE 17.6% · D/E 0.7 · PEG 1.2
GIFT City Alternate
HDFC Flexi Cap (Inbound Feeder)
- 50 stocks · Manager: Amit Ganatra
- Feeder fund into HDFC Flexi Cap Fund
- Allocation: 83% Large Cap · 11% Small Cap · 6% Mid Cap
- Master fund: 30.7% in 2023 vs Nifty 500 TRI 26.2%
- Sector: Financials 32%
Platform Fee Refund — PMS & AIF Criteria
PMS and AIF investments count toward the platform fee refund. Meeting any one of these qualifies:
- PMS — ₹50,00,000
- AIF — ₹1,00,00,000
Key Selling Points
- Trail income on high-ticket investments — 1%+ on large AUM = significant recurring revenue
- Complete client solution — Serve HNI clients without sending them elsewhere
- Research support — Wealthy’s research team helps with product selection
- All on one platform — Manage MFs, PMS, AIF, insurance from a single dashboard