New Delhi, Aug 21 (IANS) India’s Portfolio Management Services industry saw assets under management rise 2 per cent month on month to around Rs 44.11 lakh crore and the client base expanded 1.3 per cent to nearly 2.23 lakh accounts in July, an industry body said on Friday.
The statement from The Association of Portfolio Managers in India (APMI) said that both AUM and client numbers grew about 11 per cent on a year-on-year basis.
Since the start of fiscal 2027 AUM has risen 4.3 per cent and the client base expanded 5.2 per cent.
The industry also recorded its highest monthly addition of distributors in FY27 so far, with 1,226 individual and 181 non-individual distributors joining the ecosystem in July. Their cumulative numbers rose to 21,650 and 3,144, respectively.
The expansion in the distribution network signalled increasing reach and accessibility of PMS offerings across the investor base.
The discretionary segment continued to anchor the industry, accounting for 84.7 per cent of total AUM and 95.5 per cent of the client base.
Among the service categories, co investment recorded the highest month on month AUM growth at 10.2 per cent, followed by advisory at 3 per cent, non-discretionary at 2.9 per cent and discretionary at 1.8 per cent.
Capital flows remained strong during the month, as total PMS net inflows rose to Rs 4.66 lakh crore in July from Rs 3.55 lakh crore in June.
“The PMS industry has reached a scale where its next phase must be defined by greater and wider investor participation, coupled with greater ease of investing. The expanding investor and distributor base reflects the growing acceptance of PMS and presents an opportunity to take PMS solutions to a broader pool of investors,” said Vikas Khemani, Chairman, APMI.
Discretionary services accounted for the bulk of the inflows, recording net inflows of Rs 4.62 lakh crore and non-discretionary services recorded net inflows of Rs 3,797 crore during the month.
Domestic investors continued to form the core of the PMS ecosystem, accounting for 91 per cent of the total client base and 95 per cent of total AUM in July. Domestic AUM grew 2 per cent month on month, while PF and EPFO assets continued to account for approximately 79 per cent of the domestic AUM base.
–IANS
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