FindPMS IndiaLow-Drawdown PMS Schemes
Updated October 2026 · Data from SEBI PMS disclosures · 20 schemes
Maximum drawdown is the worst peak-to-trough loss a scheme has ever had. If you cannot stomach a 30% drawdown, it doesn't matter how good the long-term return is - you'll panic out at the bottom and lock in the loss.
This list ranks PMS schemes by the smallest max drawdown (closest to zero). Debt and multi-asset schemes dominate here, but some disciplined equity managers also make the list.
Understand the trade-off: low-drawdown schemes typically have lower upside too. If you have decades until retirement, a scheme with 40% drawdown and 20% annual return will beat one with 10% drawdown and 12% return. Drawdown tolerance is personal.
| # | Scheme | Category | AUM | 1Y | 3Y | Max drawdown ↓ |
|---|---|---|---|---|---|---|
| 1 | Excel Karvy Capital Ltd | Debt | ₹58 Cr | +0.1% | +0.1% | -0.0% |
| 2 | ICICI Prudential PMS Liquid Strategy ICICI Prudential Asset Management Company Ltd | Debt | ₹399 Cr | +4.3% | +5.1% | -0.0% |
| 3 | Phillip Income Builder Portfolio Growth Phillipcapital (India) Pvt Ltd | Debt | ₹265 Cr | +10.3% | +13.6% | -0.1% |
| 4 | PMS MOPE I MO Alternate Investment Advisors Private Limited | Equity | ₹242 Cr | +10.8% | +10.2% | -0.2% |
| 5 | LIQUID FUND PORTFOLIO Sundaram Alternate Assets Limited | Debt | ₹62 Cr | +4.3% | +5.6% | -0.3% |
| 6 | Demeter Karvy Capital Ltd | Debt | ₹61 Cr | +0.0% | +0.1% | -0.3% |
| 7 | Abakkus Liquid Approach Abakkus Asset Manager Private Limited | Debt | ₹51 Cr | +3.9% | - | -0.3% |
| 8 | Liquid Strategy Motilal Oswal Asset Management Company Limited - Portfolio Managers | Debt | ₹129 Cr | +4.4% | +5.2% | -0.4% |
| 9 | dezerv. Dynamic Debt Plus Strategy Dezerv Investments Private Limited | Debt | ₹1.8K Cr | +10.5% | +11.6% | -0.5% |
| 10 | dezerv. Fixed-Income Strategy Dezerv Investments Private Limited | Debt | ₹169 Cr | +5.6% | +7.6% | -0.5% |
| 11 | Barclays Discretionary Dynamic Fixed Income Barclays Securities (India) Private Limited | Debt | ₹143 Cr | +9.1% | +8.5% | -0.6% |
| 12 | PMS Services to PF and Institutional Treasuries (Debt) SBI Funds Management Limited | Debt | ₹452 Cr | +7.5% | +7.5% | -0.7% |
| 13 | TATA PMS - RETIREMENT FUND Tata Asset Management Private Limited | Debt | ₹3.5K Cr | +3.0% | +7.0% | -1.9% |
| 14 | Dezerv. Infra yield assets Dezerv Investments Private Limited | Multi Asset | ₹159 Cr | +13.9% | +17.5% | -3.1% |
| 15 | OAKS Co-investment Portfolio Oaks Asset Management Private Limited | Equity | ₹77 Cr | -1.9% | +0.8% | -3.4% |
| 16 | Maximal Income Fund Maximal Capital Private Limited | Debt | ₹52 Cr | +10.9% | +18.5% | -3.6% |
| 17 | Wealth Protector Multi Asset Strategy Composite Investments Private Limited | Hybrid | ₹70 Cr | +7.3% | +7.8% | -3.6% |
| 18 | DB India Multi-Asset Mandate / Combination of Growth & Income Deutsche Investments India Private Limited | Multi Asset | ₹116 Cr | +2.5% | +6.7% | -3.9% |
| 19 | Select Direct Asset Allocation Portfolio Wealth Managers (India) Pvt. Ltd. | Hybrid | ₹205 Cr | +3.2% | +8.4% | -4.3% |
| 20 | Agreya Multi-Asset Agreya Capital Advisors Llp | Multi Asset | ₹426 Cr | +3.9% | +8.9% | -5.8% |
#1
Excel
Karvy Capital Ltd
Debt₹58 Cr
1Y +0.1%
3Y +0.1%
Max drawdown -0.0%
#2
ICICI Prudential PMS Liquid Strategy
ICICI Prudential Asset Management Company Ltd
Debt₹399 Cr
1Y +4.3%
3Y +5.1%
Max drawdown -0.0%
#3
Phillip Income Builder Portfolio Growth
Phillipcapital (India) Pvt Ltd
Debt₹265 Cr
1Y +10.3%
3Y +13.6%
Max drawdown -0.1%
#4
PMS MOPE I
MO Alternate Investment Advisors Private Limited
Equity₹242 Cr
1Y +10.8%
3Y +10.2%
Max drawdown -0.2%
#5
LIQUID FUND PORTFOLIO
Sundaram Alternate Assets Limited
Debt₹62 Cr
1Y +4.3%
3Y +5.6%
Max drawdown -0.3%
#6
Demeter
Karvy Capital Ltd
Debt₹61 Cr
1Y +0.0%
3Y +0.1%
Max drawdown -0.3%
#7
Abakkus Liquid Approach
Abakkus Asset Manager Private Limited
Debt₹51 Cr
1Y +3.9%
3Y -
Max drawdown -0.3%
#8
Liquid Strategy
Motilal Oswal Asset Management Company Limited - Portfolio Managers
Debt₹129 Cr
1Y +4.4%
3Y +5.2%
Max drawdown -0.4%
#9
dezerv. Dynamic Debt Plus Strategy
Dezerv Investments Private Limited
Debt₹1.8K Cr
1Y +10.5%
3Y +11.6%
Max drawdown -0.5%
#10
dezerv. Fixed-Income Strategy
Dezerv Investments Private Limited
Debt₹169 Cr
1Y +5.6%
3Y +7.6%
Max drawdown -0.5%
#11
Barclays Discretionary Dynamic Fixed Income
Barclays Securities (India) Private Limited
Debt₹143 Cr
1Y +9.1%
3Y +8.5%
Max drawdown -0.6%
#12
PMS Services to PF and Institutional Treasuries (Debt)
SBI Funds Management Limited
Debt₹452 Cr
1Y +7.5%
3Y +7.5%
Max drawdown -0.7%
#13
TATA PMS - RETIREMENT FUND
Tata Asset Management Private Limited
Debt₹3.5K Cr
1Y +3.0%
3Y +7.0%
Max drawdown -1.9%
#14
Dezerv. Infra yield assets
Dezerv Investments Private Limited
Multi Asset₹159 Cr
1Y +13.9%
3Y +17.5%
Max drawdown -3.1%
#15
OAKS Co-investment Portfolio
Oaks Asset Management Private Limited
Equity₹77 Cr
1Y -1.9%
3Y +0.8%
Max drawdown -3.4%
#16
Maximal Income Fund
Maximal Capital Private Limited
Debt₹52 Cr
1Y +10.9%
3Y +18.5%
Max drawdown -3.6%
#17
Wealth Protector Multi Asset Strategy
Composite Investments Private Limited
Hybrid₹70 Cr
1Y +7.3%
3Y +7.8%
Max drawdown -3.6%
#18
DB India Multi-Asset Mandate / Combination of Growth & Income
Deutsche Investments India Private Limited
Multi Asset₹116 Cr
1Y +2.5%
3Y +6.7%
Max drawdown -3.9%
#19
Select Direct Asset Allocation Portfolio
Wealth Managers (India) Pvt. Ltd.
Hybrid₹205 Cr
1Y +3.2%
3Y +8.4%
Max drawdown -4.3%
#20
Agreya Multi-Asset
Agreya Capital Advisors Llp
Multi Asset₹426 Cr
1Y +3.9%
3Y +8.9%
Max drawdown -5.8%
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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.