FindPMS IndiaBest Debt PMS in India
Updated April 2026 · Data from SEBI PMS disclosures · 20 schemes
Debt PMS schemes invest in fixed-income securities - government bonds, corporate bonds, and commercial paper - and target stable, lower-volatility returns. They suit investors who want predictable income or a conservative allocation within a broader HNI portfolio.
We rank debt PMS by 3-year return because debt strategies take longer to show their edge and shorter periods can be distorted by interest rate moves. Schemes need at least ₹10 Cr AUM and 3 years of disclosure history to appear on this list.
Remember that since April 2023, debt PMS gains are taxed at your income-tax slab rate, not LTCG. Factor that into net returns before comparing.
| # | Scheme | Category | AUM | 1Y | 3Y | 3Y return ↓ |
|---|---|---|---|---|---|---|
| 1 | BESPOKEDebt True Beacon Investment Advisors Llp | Debt | ₹114 Cr | +23.2% | +15.8% | +15.8% |
| 2 | Pace 360 Multi Asset PMS Tresor Secure Pace Financial Investment Adviser Private Limited | Debt | ₹127 Cr | +7.6% | +11.4% | +11.4% |
| 3 | Master Trust iRage Absolute Return Strategy Master Portfolio Services Limited | Debt | ₹74 Cr | +7.1% | +11.0% | +11.0% |
| 4 | Sterling Portfolio- Conservative Portfolio ICICI Securities Limited | Debt | ₹11 Cr | +5.1% | +9.9% | +9.9% |
| 5 | Harmony Income Opportunities Discretionary Debt PMS Ask Wealth Advisors Private Limited | Debt | ₹24 Cr | +10.3% | +9.5% | +9.5% |
| 6 | FCI LLP Wealth Optimizer Fractal Capital Investments Llp | Debt | ₹13 Cr | +9.3% | +9.3% | +9.3% |
| 7 | HIGH YIELD STRATEGY Unifi Capital P Ltd | Debt | ₹366 Cr | +8.6% | +9.1% | +9.1% |
| 8 | DPMS - Income Portfolio Klay Securities Private Limited | Debt | ₹23 Cr | +7.2% | +8.5% | +8.5% |
| 9 | DB India Flexi Bond Mandate/ DIIPL Discretionary India Flexi Bond Mandate Deutsche Investments India Private Limited | Debt | ₹112 Cr | +8.1% | +8.3% | +8.3% |
| 10 | dezerv. Fixed-Income Strategy Dezerv Investments Private Limited | Debt | ₹191 Cr | +7.0% | +7.9% | +7.9% |
| 11 | Barclays Discretionary Dynamic Fixed Income Barclays Securities (India) Private Limited | Debt | ₹69 Cr | +8.5% | +7.9% | +7.9% |
| 12 | TATA PMS - RETIREMENT FUND Tata Asset Management Private Limited | Debt | ₹3.8K Cr | +3.6% | +7.8% | +7.8% |
| 13 | Sterling Portfolio- Risk Averse Portfolio ICICI Securities Limited | Debt | ₹17 Cr | +5.8% | +7.6% | +7.6% |
| 14 | DB India Money Market Alpha /Income Generation Deutsche Investments India Private Limited | Debt | ₹22 Cr | +6.2% | +7.6% | +7.6% |
| 15 | ISEC STP Portfolio ICICI Securities Limited | Debt | ₹13 Cr | +6.2% | +7.0% | +7.0% |
| 16 | Strategic Debt (Long term) Capitalmind Financial Services Private Limited | Debt | ₹50 Cr | +3.3% | +6.7% | +6.7% |
| 17 | LIQUID PORTFOLIO NJ Asset Management Private Limited | Debt | ₹21 Cr | +5.5% | +6.5% | +6.5% |
| 18 | Barclays Discretionary Treasury Advantage Barclays Securities (India) Private Limited | Debt | ₹24 Cr | +5.8% | +6.5% | +6.5% |
| 19 | Q India Sovereign Focus Bond Strategy Quantum Advisors Private Limited | Debt | ₹13 Cr | +2.0% | +6.2% | +6.2% |
| 20 | EMKAY LIQUID Emkay Investment Managers Limited | Debt | ₹20 Cr | +4.8% | +6.0% | +6.0% |
#1
BESPOKEDebt
True Beacon Investment Advisors Llp
Debt₹114 Cr
1Y +23.2%
3Y +15.8%
3Y return +15.8%
#2
Pace 360 Multi Asset PMS Tresor Secure
Pace Financial Investment Adviser Private Limited
Debt₹127 Cr
1Y +7.6%
3Y +11.4%
3Y return +11.4%
#3
Master Trust iRage Absolute Return Strategy
Master Portfolio Services Limited
Debt₹74 Cr
1Y +7.1%
3Y +11.0%
3Y return +11.0%
#4
Sterling Portfolio- Conservative Portfolio
ICICI Securities Limited
Debt₹11 Cr
1Y +5.1%
3Y +9.9%
3Y return +9.9%
#5
Harmony Income Opportunities Discretionary Debt PMS
Ask Wealth Advisors Private Limited
Debt₹24 Cr
1Y +10.3%
3Y +9.5%
3Y return +9.5%
#6
FCI LLP Wealth Optimizer
Fractal Capital Investments Llp
Debt₹13 Cr
1Y +9.3%
3Y +9.3%
3Y return +9.3%
#7
HIGH YIELD STRATEGY
Unifi Capital P Ltd
Debt₹366 Cr
1Y +8.6%
3Y +9.1%
3Y return +9.1%
#8
DPMS - Income Portfolio
Klay Securities Private Limited
Debt₹23 Cr
1Y +7.2%
3Y +8.5%
3Y return +8.5%
#9
DB India Flexi Bond Mandate/ DIIPL Discretionary India Flexi Bond Mandate
Deutsche Investments India Private Limited
Debt₹112 Cr
1Y +8.1%
3Y +8.3%
3Y return +8.3%
#10
dezerv. Fixed-Income Strategy
Dezerv Investments Private Limited
Debt₹191 Cr
1Y +7.0%
3Y +7.9%
3Y return +7.9%
#11
Barclays Discretionary Dynamic Fixed Income
Barclays Securities (India) Private Limited
Debt₹69 Cr
1Y +8.5%
3Y +7.9%
3Y return +7.9%
#12
TATA PMS - RETIREMENT FUND
Tata Asset Management Private Limited
Debt₹3.8K Cr
1Y +3.6%
3Y +7.8%
3Y return +7.8%
#13
Sterling Portfolio- Risk Averse Portfolio
ICICI Securities Limited
Debt₹17 Cr
1Y +5.8%
3Y +7.6%
3Y return +7.6%
#14
DB India Money Market Alpha /Income Generation
Deutsche Investments India Private Limited
Debt₹22 Cr
1Y +6.2%
3Y +7.6%
3Y return +7.6%
#15
ISEC STP Portfolio
ICICI Securities Limited
Debt₹13 Cr
1Y +6.2%
3Y +7.0%
3Y return +7.0%
#16
Strategic Debt (Long term)
Capitalmind Financial Services Private Limited
Debt₹50 Cr
1Y +3.3%
3Y +6.7%
3Y return +6.7%
#17
LIQUID PORTFOLIO
NJ Asset Management Private Limited
Debt₹21 Cr
1Y +5.5%
3Y +6.5%
3Y return +6.5%
#18
Barclays Discretionary Treasury Advantage
Barclays Securities (India) Private Limited
Debt₹24 Cr
1Y +5.8%
3Y +6.5%
3Y return +6.5%
#19
Q India Sovereign Focus Bond Strategy
Quantum Advisors Private Limited
Debt₹13 Cr
1Y +2.0%
3Y +6.2%
3Y return +6.2%
#20
EMKAY LIQUID
Emkay Investment Managers Limited
Debt₹20 Cr
1Y +4.8%
3Y +6.0%
3Y return +6.0%
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Past performance is not indicative of future results. This ranking reflects public SEBI disclosures and is not an endorsement of any scheme. Consult a SEBI-registered investment adviser before investing.