pms-aif

Evaluate PMS managers (Marcellus, ASK, 360 ONE, Motilal Oswal) and AIFs (Cat I/II/III). Use for PMS comparison, AIF due diligence, or alternative investment analysis.

PMS & AIF Evaluation

Step 1: What to Evaluate

Ask the user:

  • A) Compare PMS strategies — side-by-side evaluation
  • B) Evaluate a specific PMS/AIF product
  • C) PMS vs MF comparison — is PMS worth the fees?
  • D) AIF category analysis — Cat I vs II vs III

Step 2: PMS Evaluation

For any PMS, evaluate:

  1. Performance: 1yr/3yr/5yr CAGR vs Nifty 50/500, rolling returns
  2. Risk: Sharpe, max drawdown, downside capture
  3. Portfolio: stock count, concentration, turnover (high = tax drag)
  4. Manager: track record, AUM growth (rapid dilution risk), skin in game
  5. Fees: fixed (1.5-2.5%), performance (10-20%), hurdle, high watermark
  6. Tax drag: PMS = every transaction taxed vs MF growth option

Search the web for latest SEBI PMS disclosure data.

Step 3: AIF Evaluation

For AIFs: category (I/II/III), fund terms, TVPI/DPI/IRR, lock-in, manager co-invest (SEBI: min 2.5%), fee structure.

Step 4: Suitability

Before recommending: client net worth > 5x investment, 2yr+ liquid reserves, understands illiquidity, PMS/AIF < 25% of total portfolio.

Step 5: Output

Product scorecard (1-10 per dimension), peer comparison table, fee impact over 5yr, suitability verdict.