23 lakh. Annual growth stood near 11%, while strong inflows, expanding distributors and domestic investors supported continued industry growth.

IANSIndia’s PMS industry strengthened in July as assets and clients grew, supported by strong inflows, rising distributor participation and continued domestic investor demand. 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%. 2%..

Their cumulative numbers rose to 21,650 and 3,144, respectively. The expansion in the distribution network signals increasing reach and accessibility of PMS offerings across the investor base.

5% of the client base. 55 lakh crore in June.

62 lakh crore, while non-discretionary services recorded net inflows of ₹3,797 crore during the month. Domestic investors continued to form the core of the PMS ecosystem, accounting for 91% of the total client base and 95% of total AUM in July.

0% month on month, while PF and EPFO assets continued to account for approximately 79% of the domestic AUM base. 5% during the month.

6%. “The PMS industry has reached a scale where its next phase must be defined by greater and wider investor participation, coupled with greater ease of investing.

The expanding investor and distributor base reflects the growing acceptance of PMS and presents an opportunity to take PMS solutions to a broader pool of investors. At APMI, we will continue to raise the bar on transparency, governance and investor awareness, while fostering innovation and strengthening the ecosystem for the next phase of India’s wealth creation journey,” said Vikas Khemani, Chairman, APMI..

Why this investor’s mutual fund portfolio may need a resetFurther reflecting the growing maturity of the industry, the number of SEBI registered portfolio managers reached 534. The Compendium notes that the pace of additions has accelerated in recent years, indicating growing interest in and adoption of portfolio management services.

APMI remains committed to being the collective voice of the PMS ecosystem, championing investor first practices, enabling collaboration and fostering a high trust environment that supports sustainable growth for investment managers and clients. Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets.