Bajaj Alts Expands into Portfolio Management Services

Bajaj Alternate Investment Management, part of Bajaj Finserv, announced on Monday that it has secured approval from SEBI to initiate Portfolio Management Services (PMS). This marks a pivotal move to broaden its engagement in listed equities.

The firm aims to solidify its status as a multifaceted investment platform, providing comprehensive solutions through Alternative Investment Funds and now PMS. In a statement, the company described the PMS license as a crucial step in creating a distinct investment platform.

According to Lakshmi Iyer, Group President-Investments, and MD & CEO of Bajaj Alts, this new service is tailored to the dynamic needs of High Net-worth Individuals and Ultra High Net-worth Individuals. It highlights the importance of personalized, actively managed solutions fortified by risk management and long-term wealth-building strategies.