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.
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.
Read FoundationsWhat 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.
Read FoundationsWhat 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.
ReadCompare & 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.
Read Compare & decidePMS 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.
Read Compare & decideHow 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.
ReadTrust
The questions that decide a ₹50 lakh cheque — answered straight.
Is Your Money Safe in PMS & AIF? Safeguards Explained
How PMS and AIF protect your capital in India: SEBI registration, your own demat account, independent custodians, segregated accounts and audits. Clearly explained.
Read TrustUnderstanding PMS Returns: TWRR, XIRR & What You Earn
Why 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.
Read TrustHow You Exit a PMS or AIF: Liquidity Explained
How 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.
Read TrustPMS & 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.
Read TrustPMS & AIF Taxes in India (FY 2025–26) — Explained
How 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).
ReadMore guides
Go deeper — fit, categories, traps and the vocabulary.
Who Should Invest in PMS & AIF?
Eligibility, ticket size and honest fit — is a PMS or AIF actually right for you?
Read More guidesAIF Categories — Cat I, II & III
What each category holds, the risk and lock-in, and when each one actually fits your goal.
Read More guides6 Common Mistakes When Picking a PMS
Six traps HNIs fall into when picking a PMS or AIF — every one avoidable.
Read More guidesGlossary — Every Term, in One Line
From alpha to XIRR — the whole vocabulary of PMS, AIF and GIFT-City investing, defined simply.
ReadDone reading? See the real thing.
Every PMS, AIF & GIFT-City strategy — filtered, sorted and independently scored.