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PMS, AIF & GIFT City, explained straight.

No jargon, no sales pitch. Plain-English guides covering what these products are, how to choose, what they really cost, and how your money is protected.

₹50 L

PMS minimum

SEBI floor

₹1 Cr

AIF minimum

Cat I / II / III

USD

GIFT City

unrestricted repatriation

15

plain-English guides

zero jargon

01

Foundations

Start here: what these products are and how they work.

What Is PMS (Portfolio Management Service)? A Plain Guide

PMS explained for first-time investors: what Portfolio Management Service is, the ₹50 lakh minimum, fees, tax, how you exit, the risks, and who it suits.

What Is an AIF? Alternative Investment Funds in India

A clear guide to Alternative Investment Funds (AIFs) in India: Category I, II and III explained, the ₹1 crore minimum, taxation, and who they suit.

What Is GIFT City? IFSC Investing Explained Simply

GIFT City explained in plain English: what India's IFSC is, why it lets you invest in dollars, the tax benefits, repatriation, minimums, and who it's for.

02

Compare & decide

Weigh the options and choose what fits you.

PMS vs Mutual Funds: Which Is Right for You? (2026)

PMS vs mutual funds in India: ownership, ₹50 lakh minimum, fees, taxation and liquidity compared candidly. See which fits a ₹50 lakh-plus portfolio.

PMS vs AIF: Key Differences Explained (2026)

PMS vs AIF in India: ownership, minimums (₹50 L vs ₹1 Cr), strategy scope, taxation, lock-ins and reporting compared, and when each suits an HNI or NRI.

How to Choose a PMS: A Due-Diligence Checklist (2026)

A decision-grade checklist for choosing a PMS in India: track record across cycles, drawdown, concentration, the full fee stack and exit terms.

03

Trust

The questions that decide a ₹50 lakh cheque, answered straight.

01Is Your Money Safe in PMS & AIF? Safeguards ExplainedHow PMS and AIF protect your capital in India: SEBI registration, your own demat account, independent custodians, segregated accounts and audits. Clearly explained.

02Understanding PMS Returns: TWRR, XIRR & What You EarnWhy your PMS return can differ from the strategy's headline number. TWRR vs XIRR, compounding, net-of-fees, benchmarks and client dispersion, explained for Indian HNIs.

03How You Exit a PMS or AIF: Liquidity ExplainedHow exits and liquidity work in PMS and AIF: notice periods, exit loads, settlement timelines, in-specie delivery, and close-ended AIF tenure, explained for Indian HNIs.

04PMS & AIF Fees Explained: Worked Examples (2026)How PMS and AIF fees work, with worked tables on ₹1 crore: fixed, hybrid and performance models across good and bad years, plus hurdle rate and high-water mark.

05PMS & AIF Taxes in India (FY 2025–26), ExplainedHow PMS and AIF are taxed in India, with a worked example: STCG, LTCG, cess, why holding period matters, and AIF category-wise taxation (FY 2025–26).

04

More guides

Go deeper: fit, categories, traps and the vocabulary.

Who Should Invest in PMS & AIF?

AIF Categories: Cat I, II & III

6 Common Mistakes When Picking a PMS

Glossary: Every Term, in One Line

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₹50L+ ticket · PMS · AIF · GIFT City