FindPMS IndiaBest Risk-Adjusted PMS by Sharpe Ratio
Updated October 2026 · Data from SEBI PMS disclosures · 20 schemes
The Sharpe ratio is the single most useful PMS comparison metric. It combines two things that matter: return earned over the risk-free rate, and the volatility you had to stomach to earn it. A higher Sharpe means more return per unit of risk.
Rules of thumb: Sharpe below 0.5 is poor, 0.5-1.0 is average, 1.0-1.5 is good, above 1.5 is excellent. Always interpret Sharpe in the context of the market cycle - a 2-year bull run can inflate everyone's Sharpe.
We filter for ₹100 Cr+ AUM and 36+ months of data. Read our full guide to the Sharpe ratio for how it's calculated and its limitations.
| # | Scheme | Category | AUM | 1Y | 3Y | Sharpe ↓ |
|---|---|---|---|---|---|---|
| 1 | Phillip Income Builder Portfolio Growth Phillipcapital (India) Pvt Ltd | Debt | ₹265 Cr | +10.3% | +13.6% | 4.46 |
| 2 | dezerv. Dynamic Debt Plus Strategy Dezerv Investments Private Limited | Debt | ₹1.8K Cr | +10.5% | +11.6% | 2.83 |
| 3 | STALLION ASSET CORE FUND Stallion Asset Private Limited | Equity | ₹10.3K Cr | +18.4% | +33.4% | 1.73 |
| 4 | Aequitas India Opportunities Product Aequitas Investment Consultancy Private Limited | Equity | ₹2.2K Cr | +16.7% | +23.8% | 1.67 |
| 5 | Dezerv. Infra yield assets Dezerv Investments Private Limited | Multi Asset | ₹159 Cr | +13.9% | +17.5% | 1.61 |
| 6 | GLC Growth Fund Green Lantern Capital LLP | Equity | ₹2.0K Cr | +11.4% | +24.7% | 1.61 |
| 7 | SAHASRAR CONCENTRATED GROWTH PORTFOLIO Sahasrar Capital Pvt Ltd | Equity | ₹2.1K Cr | +57.4% | +47.0% | 1.56 |
| 8 | InCred Healthcare Portfolio Incred Asset Management Private Limited | Equity | ₹786 Cr | +8.5% | +22.6% | 1.35 |
| 9 | White Pine India Emerging Stars Approach White Pine Investment Management Private Limited | Equity | ₹566 Cr | +28.4% | +26.4% | 1.31 |
| 10 | ValueQuest Vision Valuequest Investment Advisors Pvt. Ltd. | Equity | ₹1.1K Cr | +10.3% | +26.2% | 1.27 |
| 11 | DIVIDEND YIELD APPROACH Entrust Family Office Investment Advisors Pvt Ltd | Equity | ₹751 Cr | +3.6% | +24.9% | 1.20 |
| 12 | DYNAMIC INVESTMENT APPROACH Systematix Shares & Stocks (India) Limited | Equity | ₹181 Cr | +28.6% | +22.4% | 1.18 |
| 13 | CARNELIAN BESPOKE PORTFOLIO Carnelian Asset Management & Advisors Pvt Ltd | Equity | ₹4.2K Cr | +20.0% | +22.4% | 1.14 |
| 14 | Ace Multicap Asit C. Mehta Investment Interrmediates Ltd. | Equity | ₹109 Cr | +4.8% | +16.9% | 1.10 |
| 15 | InCred Focused Healthcare Equity Incred Asset Management Private Limited | Equity | ₹195 Cr | +4.2% | +26.6% | 1.08 |
| 16 | 360 ONE Mandate - Balanced 360 One Portfolio Managers Limited (Formerly Known As Iifl Wealth Portfolio Managers Limited) | Multi Asset | ₹4.9K Cr | +4.2% | +14.8% | 1.07 |
| 17 | CARNELIAN CAPITAL COMPOUNDER STRATEGY Carnelian Asset Management & Advisors Pvt Ltd | Equity | ₹2.6K Cr | +14.8% | +20.3% | 1.07 |
| 18 | Negen Special Situations & Dynamic Allocation Strategy Negen Capital Services Private Lmited | Equity | ₹1.6K Cr | +12.7% | +19.6% | 1.06 |
| 19 | Wealth Mantra Fund Turtle Wealth Management Pvt. Ltd. | Equity | ₹279 Cr | +15.7% | +18.7% | 1.06 |
| 20 | KRIIS MULTICAP FUND STRATEGY KRIIS PORTFOLIO PRIVATE LIMITED | Equity | ₹478 Cr | +45.8% | +32.3% | 1.04 |
#1
Phillip Income Builder Portfolio Growth
Phillipcapital (India) Pvt Ltd
Debt₹265 Cr
1Y +10.3%
3Y +13.6%
Sharpe 4.46
#2
dezerv. Dynamic Debt Plus Strategy
Dezerv Investments Private Limited
Debt₹1.8K Cr
1Y +10.5%
3Y +11.6%
Sharpe 2.83
#3
STALLION ASSET CORE FUND
Stallion Asset Private Limited
Equity₹10.3K Cr
1Y +18.4%
3Y +33.4%
Sharpe 1.73
#4
Aequitas India Opportunities Product
Aequitas Investment Consultancy Private Limited
Equity₹2.2K Cr
1Y +16.7%
3Y +23.8%
Sharpe 1.67
#5
Dezerv. Infra yield assets
Dezerv Investments Private Limited
Multi Asset₹159 Cr
1Y +13.9%
3Y +17.5%
Sharpe 1.61
#6
GLC Growth Fund
Green Lantern Capital LLP
Equity₹2.0K Cr
1Y +11.4%
3Y +24.7%
Sharpe 1.61
#7
SAHASRAR CONCENTRATED GROWTH PORTFOLIO
Sahasrar Capital Pvt Ltd
Equity₹2.1K Cr
1Y +57.4%
3Y +47.0%
Sharpe 1.56
#8
InCred Healthcare Portfolio
Incred Asset Management Private Limited
Equity₹786 Cr
1Y +8.5%
3Y +22.6%
Sharpe 1.35
#9
White Pine India Emerging Stars Approach
White Pine Investment Management Private Limited
Equity₹566 Cr
1Y +28.4%
3Y +26.4%
Sharpe 1.31
#10
ValueQuest Vision
Valuequest Investment Advisors Pvt. Ltd.
Equity₹1.1K Cr
1Y +10.3%
3Y +26.2%
Sharpe 1.27
#11
DIVIDEND YIELD APPROACH
Entrust Family Office Investment Advisors Pvt Ltd
Equity₹751 Cr
1Y +3.6%
3Y +24.9%
Sharpe 1.20
#12
DYNAMIC INVESTMENT APPROACH
Systematix Shares & Stocks (India) Limited
Equity₹181 Cr
1Y +28.6%
3Y +22.4%
Sharpe 1.18
#13
CARNELIAN BESPOKE PORTFOLIO
Carnelian Asset Management & Advisors Pvt Ltd
Equity₹4.2K Cr
1Y +20.0%
3Y +22.4%
Sharpe 1.14
#14
Ace Multicap
Asit C. Mehta Investment Interrmediates Ltd.
Equity₹109 Cr
1Y +4.8%
3Y +16.9%
Sharpe 1.10
#15
InCred Focused Healthcare Equity
Incred Asset Management Private Limited
Equity₹195 Cr
1Y +4.2%
3Y +26.6%
Sharpe 1.08
#16
360 ONE Mandate - Balanced
360 One Portfolio Managers Limited (Formerly Known As Iifl Wealth Portfolio Managers Limited)
Multi Asset₹4.9K Cr
1Y +4.2%
3Y +14.8%
Sharpe 1.07
#17
CARNELIAN CAPITAL COMPOUNDER STRATEGY
Carnelian Asset Management & Advisors Pvt Ltd
Equity₹2.6K Cr
1Y +14.8%
3Y +20.3%
Sharpe 1.07
#18
Negen Special Situations & Dynamic Allocation Strategy
Negen Capital Services Private Lmited
Equity₹1.6K Cr
1Y +12.7%
3Y +19.6%
Sharpe 1.06
#19
Wealth Mantra Fund
Turtle Wealth Management Pvt. Ltd.
Equity₹279 Cr
1Y +15.7%
3Y +18.7%
Sharpe 1.06
#20
KRIIS MULTICAP FUND STRATEGY
KRIIS PORTFOLIO PRIVATE LIMITED
Equity₹478 Cr
1Y +45.8%
3Y +32.3%
Sharpe 1.04
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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.