India’s Portfolio Management Services (PMS) industry continued its growth trajectory in July, with Assets Under Management (AUM) rising 2.0% month on month to approximately Rs 44.11 lakh crore and the client base expanding 1.3% to approximately 2.23 lakh accounts, according to the July 2026 PMS Industry Compendium of the Association of Portfolio Managers in India (APMI).
On a year-on-year basis, both AUM and the client base grew by approximately 11%. Since the beginning of FY27, the AUM has grown 4.3% while the client base has expanded by 5.2%.
