Bajaj Alts gets SEBI nod to launch portfolio management services

Bajaj Alternate Investment Management Ltd (Bajaj Alts), a subsidiary of Bajaj Finserv, has received approval from the Securities and Exchange Board of India to commence portfolio management services (PMS), according to a company statement.

The regulatory clearance allows the firm to expand into listed equities through PMS offerings, adding to its existing alternative investment funds (AIF) business.

The move comes as asset managers diversify offerings to cater to varying investor preferences across public and private markets.

ALSO READ | New income tax rules: Key TDS changes salaried employees must note

The PMS business will primarily target high net-worth and ultra high net-worth individuals, with strategies focused on actively managed equity portfolios. The company said these would be built on research-led investment processes and structured risk management frameworks.

The development also reflects a broader shift in investor demand towards customised investment strategies and active portfolio management, particularly in equities, amid evolving market conditions.

With the addition of PMS, Bajaj Alts joins a growing pool of firms expanding their presence across multiple investment products as competition intensifies in the wealth and asset management space.

ALSO READ | ITR forms for AY 2026-27: What’s new in reporting, deductions and tax compliance