India's Portfolio Management Services industry manages assets worth ₹32 lakh crore, according to SEBI and Association of Portfolio Managers in India (APMI) data. Ahmedabad, Gujarat's financial capital, has emerged as a significant hub for PMS providers serving the state's affluent community.

Are you an HNI investor with ₹50 lakhs or more seeking personalized wealth management beyond mutual funds? 

Do you want direct equity ownership with professional oversight from SEBI-regulated experts?

For business owners, industrialists, and affluent families in Ahmedabad, Portfolio Management Services offer customized investment strategies aligned with individual financial goals, risk appetite, and wealth objectives. 

This guide examines leading SEBI-registered PMS providers in Ahmedabad, helping you identify the right wealth partner for your investment journey.

Key Takeaways

• India has 356 SEBI-registered PMS providers with several operating in Ahmedabad

• SEBI mandates ₹50 lakhs minimum investment for PMS 

• Discretionary PMS provides full investment authority to portfolio managers

• Ahmedabad has 1,76,000+ HNIs across three wealth tiers 

• SEBI registration (INP numbers) ensures regulatory compliance and investor protection

• Fee structures range from 0.25% to 2.50% with performance-based components

• Local presence enables convenient portfolio reviews and face-to-face consultations

What Makes Ahmedabad a Growing Hub for Portfolio Management Services?

Ahmedabad represents one of Gujarat's most dynamic wealth creation centers. The city's entrepreneurial ecosystem, driven by textile magnates, diamond traders, pharmaceutical exporters, and manufacturing industrialists, has created substantial wealth concentration.

Ahmedabad's HNI population includes Tier 1 investors with ₹50L-₹1Cr (1,20,000 individuals), Tier 2 with ₹1Cr-₹10Cr (50,000 individuals), and Tier 3 with over ₹10Cr (6,000 individuals) HNI Database. These affluent investors concentrate in premium localities like Satellite, Bodakdev, Prahlad Nagar, and SG Highway, creating strong demand for professional portfolio management services.

Ahmedabad investors typically prioritize SEBI compliance, transparent fee structures, and local accessibility for regular portfolio discussions. The city's low crime rate and business-friendly culture support long-term wealth management relationships.

Top SEBI-Registered Portfolio Management Services in Ahmedabad

1. Ckredence Wealth Management

SEBI Registration: INP000007164
Headquarters: Surat (with presence in Ahmedabad, Mumbai, Vadodara)
Assets Under Management: ₹805.85 Crore
Active Clients: 376

Ckredence Wealth Management stands out as Gujarat's homegrown PMS provider with a 37-year legacy since 1987. The firm manages ₹805.85 Crore across 376 active clients, specializing in HNI and UHNWI portfolio management with deep understanding of regional business cycles and family office requirements.

Investment Approaches:

Ckredence offers four distinct investment strategies, allowing investors to choose based on their risk profile and financial objectives:

• All Weather Approach: Designed for capital preservation during market volatility, maintaining portfolio stability across different economic cycles

• Diversified Approach: Spreads investments across sectors and market capitalizations to minimize concentration risk while capturing growth opportunities

• Business Cycle Approach: Positions portfolios based on economic phases, rotating between defensive and growth sectors as cycles evolve

• ICE Growth Approach: Focuses on high-growth opportunities in emerging sectors with strong earnings potential

Why Ckredence Works for Ahmedabad Investors:

For Gujarat-based HNIs, Ckredence provides local accessibility with branches across major Gujarat cities. The firm's understanding of regional business cycles and family office requirements makes it particularly suitable for Ahmedabad's entrepreneurial community. Real-time portfolio tracking technology enables clients to monitor holdings and performance continuously through mobile apps and web platforms.

Contact: Connect with us for personalized portfolio consultation
Website: Visit branch offices in Surat, Mumbai, or Vadodara for detailed strategy discussions

2. Anand Rathi PMS (Pan-India, Ahmedabad Access)

Key Facts: 20+ years experience | 1,200+ HNI mandates | ₹1,000+ Cr AUM
Website: anandrathipms.com

Anand Rathi offers portfolio management services with Ahmedabad access. The firm has built experience handling HNI mandates across India, providing discretionary portfolio management with fund managers who analyze market conditions.

Investor Fit: Suitable for investors seeking institutional providers with regional access.

What to Check: Verify Ahmedabad servicing capabilities, minimum investment requirements, assigned portfolio manager's track record, and availability of local meetings.

3. APV Finsol (Ahmedabad-Based Advisory + PMS)

Location: A-101, Orchid Exotica, Makarba, Ahmedabad
Website: apvfinsol.com

APV Finsol operates from Makarba, offering portfolio management integrated with wealth planning services including tax and estate planning. The boutique model provides personalized attention for clients seeking comprehensive financial solutions.

Investor Fit: Suitable for investors preferring boutique providers with integrated wealth planning beyond portfolio management.

What to Check: Verify SEBI registration status (INP number), track record, detailed fee structures, and liquidity terms.

4. Ashutosh Financial Services Pvt. Ltd. (Ahmedabad Office)

Location: 903-B, Synergy Tower, Corporate Road, Behind YMCA Club, Prahladnagar, Ahmedabad – 380 015
Website: Ashutosh Financial Services Pvt. Ltd.

Ashutosh Financial Services maintains presence in Prahladnagar, offering goal-based wealth planning including portfolio management alongside mutual funds and other investment vehicles.

Investor Fit: Suitable for regional investors seeking Ahmedabad presence with multi-product financial solutions.

What to Check: Critical - Verify SEBI PMS registration (INP number), confirm independent custodian access, review performance transparency, and verify direct demat account access.

5. Dezerv Investments Pvt. Ltd. (Ahmedabad Coverage)

Digital-First Model with Regional Servicing
Website: Dezerv

Dezerv represents digital-first portfolio management, combining technology platforms with regional servicing. The firm offers real-time portfolio tracking, online documentation, and streamlined processes.

Investor Fit: Suitable for tech-comfortable investors wanting digital platforms with regional support.

What to Check: Assess local Ahmedabad servicing depth, portfolio concentration, platform transparency, and exit procedures including lock-in periods.

How to Choose the Right PMS Provider in Ahmedabad

1. Verify SEBI Registration

Always confirm SEBI registration by checking the portfolio manager's registration number (format: INP followed by digits). SEBI registration ensures portfolio managers operate within stringent regulatory frameworks designed to safeguard investor interests. Visit the SEBI website's registered portfolio managers section to verify credentials.

2. Evaluate Investment Philosophy

Different PMS providers follow distinct investment approaches. Some focus on value investing, identifying undervalued securities. Others pursue growth strategies, targeting companies with high earnings potential. Ensure the provider's investment philosophy aligns with your financial goals and risk tolerance.

3. Assess Track Record and Performance

SEBI requires monthly reporting of PMS performance data by investment approach. Review the portfolio manager's historical performance across different market cycles. Consistent performance matters more than occasional outperformance, as it demonstrates the manager's ability to handle various market conditions.

4. Understand Fee Structures

PMS fees typically include fixed management charges (0.25% to 2.50% annually) and performance-based fees. Clarify the hurdle rate for performance fees and ensure no hidden charges exist. Transparent fee disclosure indicates professionalism and client-centric operations.

5. Consider Local Presence

For Ahmedabad investors, local branch presence facilitates regular meetings, portfolio reviews, and strategy discussions. Face-to-face interactions build trust and enable better communication about changing financial circumstances or revised goals.

6. Review Reporting and Communication

Quality PMS providers offer regular portfolio updates, transaction reports, and performance analysis. Real-time portfolio tracking through mobile apps or web platforms adds convenience. Ensure the manager provides easy access to portfolio information without waiting for quarterly statements.

PMS vs Mutual Funds: Which Suits Ahmedabad HNIs?

Portfolio Management Services differ fundamentally from mutual funds in several critical aspects:

Customization: PMS offers fully personalized portfolios based on individual goals. Mutual funds follow standardized strategies applied uniformly across all investors.

Ownership: In PMS, you directly own the underlying securities in your demat account. Mutual funds involve unit ownership without direct security holdings.

Minimum Investment: SEBI mandates ₹50 lakhs minimum for PMS, while mutual funds accept investments as low as ₹500 through SIPs.

Fee Structure: PMS charges are typically higher (1% to 2.5%) compared to mutual fund expense ratios (0.5% to 2%). However, PMS fees often include performance-based components, aligning manager interests with client wealth creation.

Flexibility: PMS portfolios can be adjusted immediately based on changing circumstances. Mutual funds must follow their stated investment objectives and cannot deviate for individual investors.

Tax Efficiency: Direct equity ownership in PMS allows better tax harvesting opportunities. Investors can time capital gains realization based on their tax situation.

For Ahmedabad's affluent investors with ₹50 lakhs or more, PMS provides the customization, direct ownership, and personalized attention that mutual funds cannot match.

Why Should You Choose Ckredence Wealth Management?

Ckredence Wealth Management offers compelling advantages for Gujarat-based HNIs seeking portfolio management services that combine local expertise with professional investment management.

With a 37-year Gujarat legacy since 1987, Ckredence has developed deep understanding of regional business cycles, family office requirements, and local wealth creation patterns. This expertise translates into investment strategies specifically designed for Ahmedabad's entrepreneurial community. The firm manages ₹805.85 Crore across 376 active clients, demonstrating trust from existing HNI clients while maintaining personalized attention.

Key Advantages:

• Four Distinct Investment Approaches: Choose from All Weather (capital preservation), Diversified (risk management), Business Cycle (tactical positioning), or ICE Growth (high-growth focus) based on your specific financial goals and life stage

• Transparent Fee Structures: Fixed fees ranging 0.25% to 2.50% annually with clearly defined performance-based charges and hurdle rates, ensuring no hidden costs or surprises

• Local Accessibility Across Gujarat: Branches in Surat, Mumbai, and Vadodara provide convenient access for portfolio discussions and strategy reviews without extensive travel

• Real-Time Portfolio Tracking Technology: Monitor holdings, performance, and transactions continuously through mobile apps and web platforms, providing complete transparency

• SEBI Registration INP000007164: Full regulatory compliance ensures investments are managed within established frameworks for investor protection and ethical conduct

According to Kartik Mehta, CIO at Ckredence, "Our 37-year legacy in Gujarat gives us deep insights into regional wealth creation patterns. We don't just manage portfolios; we partner with families in their multi-generational wealth journeys."

Connect with us today to schedule a personalized portfolio consultation with Ckredence's investment team and explore how their Gujarat-focused approach can support your wealth creation journey.

Conclusion

Ahmedabad's growing HNI population requires sophisticated investment solutions beyond traditional mutual funds. With over 1,76,000 HNIs across different wealth segments in Ahmedabad, demand for SEBI-registered PMS providers continues rising.

Key selection criteria include SEBI registration verification, investment philosophy alignment, transparent fee structures, strong track records, and local presence. For Gujarat-based investors, providers with regional expertise understand local business dynamics better.

Ckredence Wealth Management, with its 37-year Gujarat legacy and ₹805.85 Crore AUM, exemplifies how regional PMS providers combine local knowledge with professional investment management. Start your wealth management journey by researching SEBI-registered providers and scheduling consultations to find the right partner for your ₹50 lakh+ investment.

Frequently Asked Questions

What is the minimum investment required for Portfolio Management Services in Ahmedabad?

SEBI mandates ₹50 lakhs minimum investment for Portfolio Management Services across India, including Ahmedabad. This threshold ensures meaningful customization and proper diversification across securities.

How do I verify if a PMS provider in Ahmedabad is SEBI-registered?

Visit the SEBI website's "Registered Intermediaries" section and search for "Portfolio Managers." SEBI registration numbers start with INP followed by digits. For example, Ckredence's registration is INP000007164.

What is the difference between discretionary and non-discretionary PMS?

Discretionary PMS grants full investment authority to portfolio managers without requiring approval for each transaction. Discretionary PMS accounts for the majority of India's ₹32 lakh crore total PMS assets. Non-discretionary requires client approval before decisions.

Why should Ahmedabad investors consider local PMS providers over national firms?

Local providers like Ckredence understand regional business cycles, family office structures, and Gujarat's wealth creation patterns. They offer convenient face-to-face meetings and cultural alignment, creating stronger client relationships based on shared understanding.