Bajaj Alternate Investment Management, an arm of , on Monday said it has received approval from markets regulator to commence Portfolio Management Services (PMS).
The move would help Bajaj Alts expand its footprint in listed equities.
With this, the firm strengthens its positioning as a diversified investment platform offering comprehensive solutions across Alternative Investment Funds (AIFs) and PMS, the company said in a statement.
“The PMS licence marks a strategic step in our journey to build a differentiated investment platform for discerning investors. It allows us to be a trusted partner in our investors’ wealth creation journey. As investor portfolios evolve, there is a growing need for customised and actively managed solutions.
The company said that the PMS will focus on High Net-worth Individuals (HNIs) and Ultra High Net-worth Individuals (UHNIs), offering differentiated strategies built around high-conviction portfolios, backed by research and institutional investment processes.