Portfolio Management Services
Your Wealth.
Actively Managed.
Absolutely Transparent.
A SEBI-registered Portfolio Manager that treats your capital with the rigour of institutional fund management — concentrated, research-led, and structured to outperform over market cycles.
SEBI Registered Portfolio Manager | Reg. No. INP00000XXXX
₹50L
Minimum Investment
As mandated by SEBI regulations
2
Active Strategies
Ascent · Discovery
22.8%
Inception CAGR (Flagship)
TWRR | Audited | Indicative
100%
In-House Research
No external or broker calls
What is PMS?
Direct Ownership.
Personalised Strategy.
Portfolio Management Services (PMS) is a professional investment service where a SEBI-registered portfolio manager constructs and actively manages an equity portfolio on your behalf — directly in your demat account. Unlike pooled vehicles, you own every stock individually, with full visibility and the ability to customise around legacy holdings and tax positions.
At SPVH AMC, our PMS is built on deep primary research, concentrated high-conviction positions of 15–25 stocks, and a strict absolute-return discipline. We invest in businesses, not tickers.
Stocks held in your own demat account — full legal ownership
Customisable around existing holdings and tax considerations
Monthly attribution reports with full transparency
Dedicated Relationship Manager — single point of contact
24/7 real-time access via investor portal
PMS vs Mutual Funds
Why PMS Over Pooled Funds?
| Feature | SPVH PMS | Mutual Fund |
|---|---|---|
| Ownership | Direct in your demat | Units in a pool |
| Customisation | Yes — sector / stock exclusions | None |
| Transparency | Complete, real-time | Monthly disclosure |
| Minimum Ticket | ₹50 Lakhs (SEBI) | ₹500 |
| Portfolio Size | 15–25 stocks (concentrated) | 50–100+ stocks |
| Tax Control | Investor-level optimisation | Fund-level |
Our Strategies
Two Distinct Mandates.
Two Distinct Mandates.
One Research Engine.
Each strategy is built on the same proprietary research platform but pursues a distinct risk-return objective. Choose the one aligned to your investment goals.
Multi-Cap · India Megatrend
SPVH Ascent Fund
Long-only · Quality Growth · Cycle-Aware
Capturing India's industrial renaissance. A 20–25 stock multi-cap portfolio anchored in structural New India megatrends — manufacturing, defence, capital goods, and financial services — built on the proprietary IMPACT framework with a rule-based cycle-awareness protocol.
25–30%
Target CAGR
₹50L
Min. Investment
BSE 500 TRI
Benchmark
20–25
Portfolio Stocks
70% structural New India core + 30% opportunistic satellite
8-point management quality & capital-allocation scorecard
Rule-based cycle protocol: cash & hedges in stressed markets
Target Sharpe ≥1.4 · Max drawdown <18%
Small-Mid Cap · Special Situations
SPVH Discovery Fund
Catalyst-driven · Contrarian · Event-led
Unearthing India's hidden champions. A 15–20 stock small-mid cap strategy targeting undervalued businesses with a pre-identified catalyst — spin-offs, restructurings, capacity additions, and re-ratings — governed by the proprietary VAULT framework and a strict governance filter.
30–35%
Target CAGR
₹50L
Min. Investment
SmallCap TRI
Benchmark
15–20
Portfolio Stocks
Value at a discount: buy ≤50% of intrinsic value
Every position requires a pre-identified, time-bound catalyst
Undiscovered universe: ≤3 broker coverage, low float edge
10-point governance audit · hard cap at ₹1,500 Cr
Our Investment Approach
How We Build Your Portfolio.
Every holding in your portfolio is the output of a disciplined, repeatable research process built on three foundational pillars.
Proprietary Primary Research
Every idea originates from our own research — management meetings, channel checks, supplier interviews, and regulatory filings. We never buy based on broker calls or third-party tips.
Valuation Discipline
Quality at the right price. We run proprietary DCF models, earnings normalisation, and cross-cycle valuation checks to ensure we are never overpaying — even for a great business.
Rigorous Risk Management
Every position has a defined entry thesis, price target, stop-loss trigger, and exit condition. Portfolio-level risk — concentration, sector, liquidity — is monitored daily by a dedicated risk officer.
Stock Selection Process
From Universe to Portfolio
1
Universe Screening
NSE 500 + mid-cap radar filtered by ROCE, FCF yield, leverage, and promoter governance. ~1,800 companies → ~200 pass.
2
Business Quality Analysis
Moat assessment, competitive dynamics, supply-chain mapping, and management track record. ~200 → ~60 qualify.
3
In-Depth Due Diligence
Full financial model, scuttlebutt research, management meetings, and 3-scenario valuation. ~60 → ~25 pass.
4
Investment Committee Review
Devil's advocate challenge, cross-functional review, and portfolio-fit assessment before any capital is deployed.
5
Position Sizing & Monitoring
Conviction-weighted sizing (2–12%), daily risk monitoring, quarterly thesis review, and defined exit triggers.
Track Record
Consistent Alpha. Every Cycle.
Returns computed on Time-Weighted Rate of Return (TWRR). Audited figures available on request. Past performance is not indicative of future results.
All figures are indicative and for illustration purposes only. Actual returns may vary.
| Strategy | 1 Year | 3 Year (CAGR) | 5 Year (CAGR) | Since Inception | Max Drawdown |
|---|---|---|---|---|---|
| SPVH Ascent Fund Multi-Cap | 28.6% | 26.4% | 27.1% | 27.5% | -15.8% |
| SPVH Discovery Fund Small-Mid | 34.2% | 31.5% | 32.6% | 33.0% | -22.4% |
| Benchmark (BSE 500 TRI) | 16.8% | 14.1% | 15.2% | 14.8% | -22.7% |
+12.3%
Avg. Annual Alpha vs BSE 500 (Ascent)
₹2.7Cr
Value of ₹50L invested at inception (Ascent)
8.5%
Max Drawdown Advantage vs Benchmark
100%
Quarters with Attribution Reports
TWRR | Returns audited | Net of management fees | Figures as of March 2026
Fee Structure
Transparent. Aligned. Fair.
We offer two fee models. Both are disclosed upfront in the PMS agreement with no hidden charges or trail commissions of any kind.
Fixed Management Fee
A straightforward annual fee on your portfolio value — predictable, simple, and independent of performance. Suitable for investors who prefer certainty of cost.
Annual Management Fee
2.0% p.a.
Performance Fee
Nil
Exit Load
1% (if exit <1 yr)
Custodian & Other Charges
Pass-through at actuals
Brokerage
Negotiated at actuals
Fees are charged quarterly in arrears on average AUM. All statutory taxes apply additionally. Detailed fee schedule provided in the PMS Disclosure Document.
Most Chosen
Performance-Linked Fee
A lower base management fee combined with a performance share above a pre-agreed hurdle rate — our interests are perfectly aligned with yours. We earn more only when you earn more.
Annual Management Fee
1.0% p.a.
Hurdle Rate
10% p.a. (pre-fee)
Performance Fee (above hurdle)
20% of outperformance
High-Water Mark
Yes — strictly applied
Exit Load
1% (if exit <1 yr)
Performance fee charged only when portfolio crosses previous high-water mark. High-water mark ensures you never pay twice for the same gain.
Who Should Invest
Built for India's Most Discerning Investors.
PMS is suited for sophisticated investors with a minimum investment of ₹50 Lakhs who seek personalised, actively managed equity exposure with complete transparency.
Family Offices & UHNIs
Individuals and families with ₹1 Cr+ investable surplus seeking institutional-grade equity management with full asset transparency and customisation.
Typical Ticket Size
₹1 Cr – ₹10 Cr+
Business Owners & Promoters
Entrepreneurs who want to professionally manage liquidity events, ESOPs, or business sale proceeds — with tax-aware, concentrated equity allocation.
Key Benefit
Legacy stock management & tax efficiency
NRI Investors
Non-resident Indians seeking professional management of their India-allocated capital under FEMA/RBI compliant structures (NRE/NRO/PINS routes).
Compliance
FEMA / RBI / DTAA compliant
Senior Professionals & HNIs
C-suite executives, doctors, and professionals with significant savings seeking better long-term returns than fixed deposits or direct stock-picking.
Ideal Strategy
SPVH Ascent Fund
Why SPVH PMS
What Makes Us Different.
Six reasons why India's most discerning investors choose SPVH as their portfolio manager.
100% Proprietary Research
Every investment decision is driven by in-house primary research. We never rely on broker reports, consensus calls, or third-party recommendations. Your portfolio is built on our conviction alone.
Complete Ownership & Transparency
Stocks are held directly in your SEBI-registered demat account. You see every holding, every trade, and every rupee at all times — no opacity, no pooling, no surprises.
Concentrated High-Conviction Bets
We run 15–25 stock portfolios, not 80-stock index clones. Every position is sized for meaningful impact. We don't dilute returns with diversification for the sake of it.
Dedicated Relationship Manager
One named professional manages your relationship — available for queries, portfolio reviews, and market updates. No call centres, no junior analysts, no runaround.
Institutional-Grade Reporting
Monthly portfolio reports include full attribution analysis, sector breakdown, performance vs benchmark, and forward thesis updates — the same standard used by large institutional funds.
Customisation & Tax Efficiency
Legacy stock retention, sector exclusions, and tax-loss harvesting are all possible within strategy constraints. We manage around your unique tax position — not a generic template.
SEBI Registered Portfolio Manager
Reg. No. INP00000XXXX
Reg. No. INP00000XXXX
Independent SEBI-Registered Custodian
Assets fully segregated
Assets fully segregated
SEBI PMS Disclosure Document
Available on request
Available on request
SEBI (PMS) Regulations 2020
Fully compliant framework
Fully compliant framework
AMFI & BSE / NSE Listed Entity
Regular SEBI reporting
Regular SEBI reporting
Getting Started
Simple. Streamlined. Secure.
From first conversation to live portfolio — our onboarding is designed to be thorough yet effortless, typically completed within 7–10 working days.
1
Initial Consultation
Schedule a call with our senior investment team to discuss your goals, existing portfolio, and risk appetite.
2
Risk Profiling
Complete our detailed Risk Assessment Questionnaire (RAQ) — mandated by SEBI — to define your investment profile.
3
Strategy Selection
We present a personalised strategy recommendation with asset allocation, expected returns, and fee structure.
4
Documentation & KYC
Sign the PMS agreement, complete SEBI-mandated KYC, and open a dedicated demat account with our empanelled broker.
5
Portfolio Goes Live
Funds are transferred, positions initiated systematically, and your investor portal is activated with real-time access.
Frequently Asked Questions
Everything You Need to Know.
What is the minimum investment for SPVH PMS?
As mandated by SEBI's PMS Regulations 2020, the minimum investment is ₹50 Lakhs. This can be brought in as cash or as a portfolio of approved listed securities transferred in-kind.
How is PMS different from a Mutual Fund?
In a mutual fund, you hold units in a pooled vehicle with no direct ownership of stocks. In PMS, you hold individual stocks directly in your own demat account — giving you complete transparency, the ability to customise, and investor-level tax efficiency.
Can I retain or exclude specific stocks in my PMS portfolio?
Yes. Within the constraints of the active strategy, we can accommodate requests to retain legacy holdings (e.g., founder stock), exclude specific sectors, or defer selling appreciated positions for tax reasons. All customisations are documented in your investment agreement.
Who holds custody of my securities?
Your securities are held in a demat account in your own name, managed by an independent SEBI-registered custodian. SPVH AMC has a limited Power of Attorney (POA) only for transacting as per the agreed investment mandate — your assets are never commingled with our books.
How do I track my PMS portfolio performance?
You receive detailed monthly performance reports including attribution analysis, sector breakdown, and benchmark comparison. Additionally, you have 24/7 real-time access to your portfolio via our investor portal with live NAV tracking and transaction history.
What are the tax implications for PMS investments?
Since you own stocks directly, each transaction is a taxable event in your hands — subject to STCG (15%) or LTCG (10% above ₹1 Lakh) depending on holding period. This is an advantage: you can do tax-loss harvesting, time your capital gains, and manage across financial years in a way that pooled funds cannot offer. Our team provides guidance on tax-efficient portfolio management.
Can NRIs invest in SPVH PMS?
Yes. Non-Resident Indians can invest through NRE (fully repatriable), NRO (partially repatriable), or PINS (Portfolio Investment Scheme) accounts as permitted under RBI/FEMA guidelines. All DTAA benefits applicable to your country of residence are managed accordingly.
What is the exit process and are there lock-ins?
PMS is not a locked-in product. You may exit at any time with written notice. An exit load of 1% applies if you withdraw within 12 months of investment. Thereafter, withdrawal is free of exit load. Proceeds are typically settled within 3–5 working days after liquidation.
Start Your Journey
Your Portfolio.
Your Portfolio.
Managed Like Institutional Capital.
Minimum ₹50 Lakhs. SEBI Registered. Fully Transparent. Speak with our investment team today and take the first step toward professionally managed wealth.