AGM Wealth is registered with the Association of Portfolio Managers in India (APMI) as a PMS distributor - APRN 00099. Verifiable, disclosed, and built around suitability rather than a sales pitch.
Portfolio Management Services (PMS) is a SEBI-regulated structure where a professional portfolio manager makes investment decisions on your behalf, within a defined mandate and strategy - but unlike a mutual fund, the underlying securities are typically held directly in your own demat account, in your own name. This distinction matters for taxation, transparency, and how concentrated (versus pooled) your exposure is.
PMS sits above mutual funds in both minimum investment (SEBI mandates a minimum of ₹50 lakh) and portfolio concentration. Where a mutual fund typically holds 40-60 stocks, a PMS strategy might hold 15-25 - meaning higher potential upside, but also meaningfully higher volatility and manager-specific risk. It's a structure built for investors who've already built a diversified core portfolio and are looking for a more concentrated, actively managed satellite allocation.
As an APMI-registered distributor (not the portfolio manager itself), our role is to help you access, evaluate, and execute PMS strategies from SEBI-registered portfolio managers - explaining the mandate, fee structure, and historical approach of each strategy, and helping with onboarding and ongoing servicing. We do not manage the portfolio ourselves; the portfolio manager does. Our job is making sure you're matched to a strategy that actually fits your goals and risk capacity, not whichever strategy pays the highest distribution commission.
Eligible investors (SEBI minimum ₹50 lakh) with an existing diversified portfolio, seeking a more concentrated equity allocation, and comfortable with higher volatility and manager-specific risk than a mutual fund carries.
The portfolio manager's track record across at least one full market cycle, strategy concentration, fee structure (fixed vs. performance-linked), drawdown history, exit terms, and how transparently performance and holdings are reported to you.
| Registration | Number | Validity |
|---|---|---|
| APMI Registration (PMS Distributor) | APRN 00099 | 11-Oct-2026 to 10-Oct-2029 |
AGM Wealth is a distributor, not a portfolio manager or investment adviser. Distribution registration is not an assurance of returns. PMS carries higher risk and cost than mutual funds - evaluate suitability carefully before investing.
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