Category I
Funds investing in areas considered socially or economically desirable, such as start-ups, early-stage ventures, social ventures, SMEs and infrastructure.
Wealth solutions
Managing accumulated wealth
Once a portfolio reaches a certain size, the questions change: structure, concentration, liquidity, tax and succession start to matter more than product selection.
Wealth management
A structured approach to what you have built
Wealth management is less about finding the next investment and more about how the whole picture fits together: what you own, what it is for, how exposed it is to any single outcome, and what happens to it next.
Portfolios that grow over time often accumulate holdings for reasons that no longer apply. A periodic review asks whether each position still serves a purpose, whether the overall risk is deliberate rather than accidental, and whether liquidity matches likely needs.
- Consolidating a view across accounts and asset classes.
- Identifying unintended concentration in a sector, employer or asset.
- Matching liquidity to expected calls on the portfolio.
- Considering the tax consequences of changes before making them.
- Reviewing nomination, documentation and succession arrangements.
Our role, stated plainly
Inamdar Wealth may facilitate or provide access to eligible solutions through appropriately authorised entities, where applicable. Eligibility, minimum investment amounts and regulatory conditions apply.
PMS
Portfolio Management Services
A regulated service in which a portfolio manager manages a portfolio of securities on behalf of an individual investor, who continues to own those securities directly.
Unlike a mutual fund, where investors hold units of a pooled scheme, a PMS investor holds the underlying securities in their own demat account. Portfolios are typically more concentrated than a mutual fund scheme, and outcomes can vary between investors even within the same strategy, depending on when they invested.
PMS is regulated by SEBI. A minimum investment amount is prescribed by regulation, and the service involves a documented agreement setting out the strategy, the fee structure and the reporting you will receive.
What to examine
- The disclosure document, in full, including risk factors.
- The fee structure — fixed fees, performance fees, and how each is calculated.
- The degree of concentration the strategy permits.
- Exit terms, including any lock-in and the notice required.
- The reporting you will receive, and how often.
Key considerations
Portfolio Management Services are regulated investment services subject to applicable eligibility requirements, minimum investment thresholds, risks and regulatory provisions. PMS investments do not offer assured or guaranteed returns.
Concentrated portfolios can move more sharply than diversified ones, in both directions. Fees reduce returns, and performance fees can do so materially in strong periods.
Not suitable for everyone
Beyond the regulatory minimum investment, suitability depends on the size of the investor’s overall portfolio, their time horizon and their capacity to bear a concentrated exposure. For many investors, a diversified mutual fund portfolio addresses the same objective more appropriately.
AIF
Alternative Investment Funds
Privately pooled investment vehicles registered with SEBI that invest according to a defined strategy, across three regulatory categories.
Category II
Funds that do not fall into Category I or III and do not undertake leverage other than to meet day-to-day operational requirements. Private equity and debt funds commonly sit here.
Category III
Funds employing diverse or complex trading strategies, which may use leverage including through investment in listed or unlisted derivatives.
Before considering an AIF
- Minimum investment amounts are prescribed by regulation and are substantial.
- Liquidity may be limited or absent; capital can be locked in for years.
- Commitments may be drawn down over time rather than invested at once.
- Valuations may be infrequent, so the reported value is not a market price.
- Fee structures can be layered, including management and performance components.
- The offer document, its risk factors and the eligibility criteria must be read in full.
Risk and suitability
Alternative Investment Funds may involve higher risk, limited liquidity, longer lock-in periods and minimum investment requirements prescribed by regulation. Please review the offer documents, risk factors and eligibility criteria carefully before investing.
Alternative investments are not suitable for everyone, and are not a route to higher returns without higher risk. They are generally considered only as a small part of an already diversified portfolio, by investors who can leave the capital untouched for the full term.
Questions
PMS and AIF, Explained
Portfolio Management Services manage a portfolio of securities on behalf of an individual investor, who continues to own those securities directly; SEBI prescribes a minimum investment. Alternative Investment Funds are pooled vehicles that invest according to a defined strategy across three regulatory categories, with their own minimum investment and eligibility conditions. Both are regulated by SEBI, both carry investment risk, and neither offers assured returns.
They are not suitable for everyone. Beyond the regulatory minimum investment amounts, they typically involve higher concentration, longer holding periods and, in the case of many AIFs, limited liquidity. Suitability depends on the investor's overall financial position, time horizon and capacity to bear loss — which is why offer documents and eligibility criteria have to be reviewed carefully before any commitment.
संपत्ति का निर्माण। भविष्य की सुरक्षा।
Discuss whether these solutions are relevant to you
Eligibility, minimum investment and suitability all have to be established before any of this is worth exploring in detail. That is the right place to start.
निवेश बाज़ार जोखिमों के अधीन है। रिटर्न की गारंटी नहीं है। कोई भी चर्चा शैक्षिक प्रकृति की होती है और यह किसी वित्तीय उत्पाद को ख़रीदने या बेचने की सिफ़ारिश नहीं है।