Bajaj Alts expands offerings with PMS licence approval from SEBI

Bajaj Alts expands offerings with PMS licence approval from SEBI

This will enable the firm to reinforce its positioning as a diversified platform

Marking a significant step in its expansion strategy, Bajaj Alternate Investment Management, a subsidiary of Bajaj Finserv has secured approval from the Securities and Exchange Board of India (SEBI) to begin Portfolio Management Services (PMS).

The licence will enable the firm to deepen its presence in listed equities, broadening its investment capabilities. It also reinforces its positioning as a diversified platform spanning Alternative Investment Funds (AIFs) and PMS offerings.

Lakshmi Iyer, Group President-Investments, and MD & CEO of Bajaj Alts, expressed, "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.

He added, "Our PMS platform is designed to address this need while staying anchored to disciplined risk management and long-term wealth creation.”

The company said the PMS offering will primarily target High Net-worth Individuals (HNIs) and Ultra High Net-worth Individuals (UHNIs). Focusing on high-conviction strategies backed by research-driven processes, the approach was aimed at delivering tailored investment outcomes.