Published Online:October 2025
Product Name:The IUP Journal of Accounting Research & Audit Practices
Product Type:Article
Product Code:IJARAP151025
DOI:10.71329/IUPJARAP/2025.24.4.295-305
Author Name:Tushar Mali, Drashti Kaushal Shah and Janvi Mali
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:295-305
The paper evaluates the risk-return performance of leading portfolio management services (PMS) offered by prominent asset management companies (AMCs) in India, focusing on their applicability for high-net-worth individuals seeking wealth creation. Employing comparative analysis, the paper uses secondary data from official websites, reports, performance databases, and industry sources, analyzing five PMS strategies over various periods up to 2023. Returns, risk-adjusted ratios, alpha and tracking errors are used to assess and compare the performance of PMS schemes. The results indicate that selected PMS schemes have outperformed traditional benchmarks, delivering superior risk-adjusted returns. However, enhanced return is accompanied by higher volatility. The study recommends that investors select PMS schemes aligned with their financial objectives and risk tolerance, emphasizing the importance of a multidimensional performance evaluation before capital allocation.
The global portfolio management services (PMS) market is on a strong growth trajectory, driven by rising wealth among high-net-worth individuals (HNIs) and increasing demand for personalized and professionally managed investment solutions. Asia-Pacific boasts an annual growth rate of 8%, followed by North America at 5% and Europe at 4%. The number of ultra high net worth individuals (UHNIs), those with assets exceeding $30 mn, is projected to grow by 28.1% globally by 2028, highlighting the regions’ increasing significance in the evolving global wealth landscape.