Now Reading: PMS net inflows surge to Rs 3.55 lakh crore in June
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PMS net inflows surge to Rs 3.55 lakh crore in June
India's portfolio management services (PMS) industry saw net inflows jump to Rs 3,54,755 crore in June 2026, recovering sharply from Rs 4,085 crore in May, driven by discretionary mandates. Assets under management…
The Story in Brief
India's portfolio management services (PMS) industry saw net inflows jump to Rs 3,54,755 crore in June 2026, recovering sharply from Rs 4,085 crore in May, driven by discretionary mandates. Assets under management rose 1.8% to Rs 43.27 lakh crore. The client base grew 4% to about 2.20 lakh accounts, with domestic investors holding 91% of clients and 95% of AUM. Outflows also rose but remained below gross inflows, resulting in strong net inflows. Equity assets rose 1.4% while mutual fund allocations jumped 14.6%.
The Indian Opinion
The PMS record inflows look impressive, but the narrative that retail investors are piling in is misleading. Nearly 79% of domestic AUM comes from PF/EPFO, not individuals. The sharp rise in both gross inflows and outflows suggests churn rather than fresh conviction. The real test will be whether net inflows stay above Rs 1 lakh crore next quarter without a market rally.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
