Topic hub
PMS & AIF: the high-minimum tier
Portfolio managers and alternative funds without the sales pitch — minimums, fee stacks, pass-through tax and who genuinely needs either.
PMS & AIFs
Pillar guidePMS and AIF in India: The Complete 2026 GuideHow PMS and AIFs work in India: the ₹50 lakh and ₹1 crore minimums, SEBI categories, fee stacks, lock-ins, the new 2026 rules, and who does not need either.
- PMS and AIF Taxation in India: Who Pays What
PMS and AIF taxation in India: PMS gains taxed as your own equity, Cat I and II pass-through, Cat III fund-level tax, and the 10% TDS on distributions.
- PMS vs Mutual Fund vs AIF: The Honest Comparison
PMS vs mutual fund vs AIF on ownership, minimums, costs, liquidity, transparency and tax — fee-drag maths on ₹1 crore and a plain verdict for most investors.
AIF & PMS deep dives
- AIF Due Diligence Checklist: Checks Before You Commit
AIF due diligence checklist: PPM and waterfall checks, sponsor skin in the game, fee-drag maths, valuation cycles, accreditation proof and exit terms.
- GIFT City Funds: How IFSC Fund Investing Works (2026)
GIFT City funds explained: IFSCA scheme types, USD minimums, how resident Indians invest under LRS, and the tax edge of GIFT feeders for Cat III.
- Category II and III AIFs: Accredited Investor Checklist
Category II and III AIFs compared for accredited investors: minimums, leverage caps, liquidity, tax treatment and the checks before a ₹1 crore commitment.
- Category I AIFs: Angel, VC, SME, Infra, Social Funds
Category I AIFs explained: angel funds under the 2025 accredited-investor regime, venture capital, SME, social venture and infrastructure fund rules.
- How to Choose a PMS Manager: The SEBI-Backed Checklist
How to choose a PMS manager: SEBI-standardised TWRR track records, XIRR spread disclosures, fee stacks with 18% GST, strategy fit and ten checks.
8 guides, organised. Each guide lives in exactly one topic; post URLs never change. All investing guides