FindPMS IndiaLow-Drawdown PMS Schemes
Updated April 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 | ₹73 Cr | +0.1% | +0.1% | -0.0% |
| 2 | ICICI Prudential PMS Liquid Strategy ICICI Prudential Asset Management Company Ltd | Debt | ₹435 Cr | +4.5% | +5.5% | -0.0% |
| 3 | Demeter Karvy Capital Ltd | Debt | ₹65 Cr | +0.0% | +0.1% | -0.3% |
| 4 | Liquid Strategy Motilal Oswal Asset Management Company Limited - Portfolio Managers | Debt | ₹119 Cr | +4.7% | +5.5% | -0.4% |
| 5 | dezerv. Dynamic Debt Plus Strategy Dezerv Investments Private Limited | Debt | ₹1.3K Cr | +12.2% | - | -0.5% |
| 6 | dezerv. Fixed-Income Strategy Dezerv Investments Private Limited | Debt | ₹191 Cr | +7.0% | +7.9% | -0.5% |
| 7 | DB India Flexi Bond Mandate/ DIIPL Discretionary India Flexi Bond Mandate Deutsche Investments India Private Limited | Debt | ₹112 Cr | +8.1% | +8.3% | -0.6% |
| 8 | Barclays Discretionary Dynamic Fixed Income Barclays Securities (India) Private Limited | Debt | ₹69 Cr | +8.5% | +7.9% | -0.6% |
| 9 | Pace 360 Multi Asset PMS Tresor Secure Pace Financial Investment Adviser Private Limited | Debt | ₹127 Cr | +7.6% | +11.4% | -0.8% |
| 10 | TATA PMS - RETIREMENT FUND Tata Asset Management Private Limited | Debt | ₹3.8K Cr | +3.6% | +7.8% | -1.9% |
| 11 | OAKS Co-investment Portfolio Oaks Asset Management Private Limited | Equity | ₹77 Cr | -1.8% | +0.8% | -3.4% |
| 12 | Wealth Protector Multi Asset Strategy Composite Investments Private Limited | Hybrid | ₹57 Cr | +1.8% | +7.0% | -3.6% |
| 13 | DB India Multi-Asset Mandate / Combination of Growth & Income Deutsche Investments India Private Limited | Multi Asset | ₹210 Cr | +3.7% | +7.3% | -3.9% |
| 14 | Select Direct Asset Allocation Portfolio Wealth Managers (India) Pvt. Ltd. | Hybrid | ₹201 Cr | +2.5% | +9.5% | -4.3% |
| 15 | Agreya Multi-Asset Agreya Capital Advisors Llp | Multi Asset | ₹362 Cr | +3.1% | +8.8% | -5.8% |
| 16 | Agreya Multi-Asset Enhancer Agreya Capital Advisors Llp | Multi Asset | ₹78 Cr | +5.2% | +9.8% | -6.5% |
| 17 | 360 ONE Mandate - Balanced 360 One Portfolio Managers Limited (Formerly Known As Iifl Wealth Portfolio Managers Limited) | Multi Asset | ₹4.9K Cr | +13.2% | +17.7% | -6.9% |
| 18 | BESPOKEDebt True Beacon Investment Advisors Llp | Debt | ₹114 Cr | +23.2% | +15.8% | -7.1% |
| 19 | Infinity Core Approach Nuvama Asset Management Limited | Multi Asset | ₹1.0K Cr | +9.3% | +11.8% | -7.3% |
| 20 | Sterling Portfolio- Balanced Portfolio ICICI Securities Limited | Hybrid | ₹60 Cr | +3.1% | +12.8% | -7.3% |
#1
Excel
Karvy Capital Ltd
Debt₹73 Cr
1Y +0.1%
3Y +0.1%
Max drawdown -0.0%
#2
ICICI Prudential PMS Liquid Strategy
ICICI Prudential Asset Management Company Ltd
Debt₹435 Cr
1Y +4.5%
3Y +5.5%
Max drawdown -0.0%
#3
Demeter
Karvy Capital Ltd
Debt₹65 Cr
1Y +0.0%
3Y +0.1%
Max drawdown -0.3%
#4
Liquid Strategy
Motilal Oswal Asset Management Company Limited - Portfolio Managers
Debt₹119 Cr
1Y +4.7%
3Y +5.5%
Max drawdown -0.4%
#5
dezerv. Dynamic Debt Plus Strategy
Dezerv Investments Private Limited
Debt₹1.3K Cr
1Y +12.2%
3Y -
Max drawdown -0.5%
#6
dezerv. Fixed-Income Strategy
Dezerv Investments Private Limited
Debt₹191 Cr
1Y +7.0%
3Y +7.9%
Max drawdown -0.5%
#7
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%
Max drawdown -0.6%
#8
Barclays Discretionary Dynamic Fixed Income
Barclays Securities (India) Private Limited
Debt₹69 Cr
1Y +8.5%
3Y +7.9%
Max drawdown -0.6%
#9
Pace 360 Multi Asset PMS Tresor Secure
Pace Financial Investment Adviser Private Limited
Debt₹127 Cr
1Y +7.6%
3Y +11.4%
Max drawdown -0.8%
#10
TATA PMS - RETIREMENT FUND
Tata Asset Management Private Limited
Debt₹3.8K Cr
1Y +3.6%
3Y +7.8%
Max drawdown -1.9%
#11
OAKS Co-investment Portfolio
Oaks Asset Management Private Limited
Equity₹77 Cr
1Y -1.8%
3Y +0.8%
Max drawdown -3.4%
#12
Wealth Protector Multi Asset Strategy
Composite Investments Private Limited
Hybrid₹57 Cr
1Y +1.8%
3Y +7.0%
Max drawdown -3.6%
#13
DB India Multi-Asset Mandate / Combination of Growth & Income
Deutsche Investments India Private Limited
Multi Asset₹210 Cr
1Y +3.7%
3Y +7.3%
Max drawdown -3.9%
#14
Select Direct Asset Allocation Portfolio
Wealth Managers (India) Pvt. Ltd.
Hybrid₹201 Cr
1Y +2.5%
3Y +9.5%
Max drawdown -4.3%
#15
Agreya Multi-Asset
Agreya Capital Advisors Llp
Multi Asset₹362 Cr
1Y +3.1%
3Y +8.8%
Max drawdown -5.8%
#16
Agreya Multi-Asset Enhancer
Agreya Capital Advisors Llp
Multi Asset₹78 Cr
1Y +5.2%
3Y +9.8%
Max drawdown -6.5%
#17
360 ONE Mandate - Balanced
360 One Portfolio Managers Limited (Formerly Known As Iifl Wealth Portfolio Managers Limited)
Multi Asset₹4.9K Cr
1Y +13.2%
3Y +17.7%
Max drawdown -6.9%
#18
BESPOKEDebt
True Beacon Investment Advisors Llp
Debt₹114 Cr
1Y +23.2%
3Y +15.8%
Max drawdown -7.1%
#19
Infinity Core Approach
Nuvama Asset Management Limited
Multi Asset₹1.0K Cr
1Y +9.3%
3Y +11.8%
Max drawdown -7.3%
#20
Sterling Portfolio- Balanced Portfolio
ICICI Securities Limited
Hybrid₹60 Cr
1Y +3.1%
3Y +12.8%
Max drawdown -7.3%
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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.