Vansh Capital PMS Review: Pune-Based Equity Strategies & Team (2026)
Vansh Capital PMS is the portfolio management business of Vansh Capital Private Limited, based in Pune, Maharashtra. As of 31 August 2026, it reported PMS assets under management of ₹17.64 crore across 27 clients, offered through 2 investment approaches.
Both approaches were launched in February 2026, so the PMS track record is under a year and no returns are reported yet. Below we look at the firm, its managing director and what investors should consider.
Vansh Capital PMS is the portfolio management business of Vansh Capital Private Limited, based in Pune, Maharashtra. As of 31 August 2026, it reported PMS assets under management of ₹17.64 crore across 27 clients, offered through 2 investment approaches. Both approaches were launched in February 2026, so the PMS track record is under a year and no returns are reported yet. Below we look at the firm, its managing director and what investors should consider. Key takeaways Vansh Capital PMS reports assets under management of ₹17.64 crore across 27 clients as of 31 August 2026. Investment approaches: 2. Minimum investment ₹50 lakh; reported returns are TWRR, net of fees but before your taxes. Quick Facts: Vansh Capital PMS Portfolio Manager Vansh Capital Private Limited SEBI Registration No. INP000009579 PMS AUM ₹17.64 crore (as on 31 August 2026) Number of Clients 27 (as on 31 August 2026) Investment Approaches 2 Key People Rahul Jaju (Managing Director and Fund Manager) Registered Office Pune (Deccan), Maharashtra Minimum Investment ₹50 lakh (SEBI-mandated minimum for PMS) About Vansh Capital Vansh Capital was established in 2019 and describes its aim as providing research-driven investment solutions, disciplined portfolio management and long-term wealth creation through equity and mutual fund investments. It follows a value-oriented philosophy built on in-depth fundamental research, prudent risk management and sustainable long-term capital appreciation, with an emphasis on transparency and personalised strategies. Managing Director Rahul Jaju is the firm's fund manager and a SEBI-registered portfolio manager. He previously served as a SEBI-registered investment adviser from July 2020 to August 2025. He holds an M.Com from Pune University and has completed the NISM Post Graduate Program in Portfolio Management. His profile cites 17 years as a stock market professional and 28 years of personal investment experience. Vansh Capital PMS Strategies and Performance Strategy Category 1Y 2Y 3Y 5Y Inception Equity Master Approach Multi Cap & Flexi Cap NA NA NA NA Feb 2026 Equity Multi Cap Approach Multi Cap & Flexi Cap NA NA NA NA Feb 2026 S&P BSE 500 TRI (broad-market reference) Index 4.7% -0.1% 12.1% 10.9% — Returns as of 31 August 2026, TWRR, as reported by the portfolio manager; returns over one year are annualised. Index rows are shown for reference only, as of 31 August 2026 (index figures as published in Sundaram Alternates' August 2026 PMS performance disclosure); each strategy's own SEBI category benchmark may differ, so ask the manager for its benchmark comparison. Both approaches have a track record of under one year as of 31 August 2026, so performance data is not yet publicly reported. Equity Master Approach Equity Master Approach is a Multi Cap & Flexi Cap strategy launched in February 2026. Based on the firm's stated philosophy, it is likely to follow a value-oriented, fundamentals-driven style, though the Disclosure Document will set out its precise mandate. Equity Multi Cap Approach Equity Multi Cap Approach, also launched in February 2026 and in the same category, invests, as the name suggests, across large, mid and small companies. Investors should ask how it differs from Equity Master Approach in portfolio construction, concentration and risk limits. How to Read These Numbers With no strategy-level returns published as of 31 August 2026, there is little to read yet. When figures do appear, it helps to know how PMS performance is reported so that early numbers are not over-interpreted. Under SEBI's December 2022 framework, every PMS strategy is mapped to a category benchmark. Any return figure means most when compared with that benchmark and with category peers over the same period, so ask for that comparison in the monthly factsheet or the Disclosure Document rather than looking at absolute numbers alone. Short track records deserve particular caution. A first year can owe a great deal to market phase or a few positions, and says little about how an approach behaves through a full cycle, including a correction like the one Indian equities went through in 2024-26. Returns are calculated using the Time-Weighted Rate of Return (TWRR) method, which strips out the effect of client inflows and outflows; an individual investor's actual return depends on entry timing and any top-ups or withdrawals. Reported PMS returns are net of fees and expenses as per SEBI norms, but not net of tax, because capital gains on portfolio churn are taxed in each client's own hands. PMS portfolios are also usually more concentrated than diversified mutual funds, so a few holdings can move results sharply in either direction. Who Vansh Capital PMS May Suit Investors in Pune who prefer a local, founder-led portfolio manager Investors drawn to a value-oriented, research-driven equity philosophy Early adopters comfortable investing before a public track record exists Long-term investors with a horizon of five years or more It may not suit investors who want an established multi-year record, a larger investment team, or specialised small cap, debt or hybrid strategies. Fees, Minimum Investment and Taxation The minimum investment in Vansh Capital PMS is ₹50 lakh, the floor mandated by SEBI for portfolio management services. It can typically be funded in cash, by transferring existing listed securities, or a combination of both, subject to the portfolio manager accepting the securities. PMS fee structures generally take one of three forms: a fixed management fee charged as a percentage of assets, a performance-linked fee charged only on returns above a stated hurdle, or a hybrid of a lower fixed fee plus a performance share. Exit loads may apply in the early years. The exact fee schedule is in the Disclosure Document, and investors should compare it carefully because fees compound over time. Unlike a mutual fund, a PMS holds securities directly in the investor's own demat account, giving full transparency on holdings. The flip side is taxation: every sale by the portfolio manager is a taxable event in the investor's hands. For listed equity, short-term capital gains are taxed at 20% and long-term capital gains at 12.5% above the annual ₹1.25 lakh exemption. For a fuller walk-through, see our guide to how PMS onboarding, funding, taxation and exit work (/insights/how-pms-works-onboarding-funding-taxation-exit) . Money n Wealth's View Vansh Capital is a very young, small PMS: two approaches launched in February 2026, 27 clients and ₹17.64 crore as of 31 August 2026. Its managing director brings long market experience and a prior five-year stint as a SEBI-registered investment adviser. What to watch: there are no reported returns yet, the firm relies on one listed fund manager, and the two approaches sit in the same category, so investors should understand how they differ. For a framework on evaluating a new boutique PMS, read PMS versus mutual funds (/insights/pms-vs-mutual-funds-1-crore-investors) , or speak with our team (/contact) . Frequently Asked Questions Is Vansh Capital PMS good? It is too early to judge on performance: both approaches launched in February 2026 and have no reported returns as of 31 August 2026. Investors would be assessing the process and the manager. What is the minimum investment in Vansh Capital PMS? The minimum is ₹50 lakh, the SEBI-mandated floor for PMS, payable in cash or by transferring existing securities. Which is the best Vansh Capital PMS strategy? Neither approach has a track record yet. Both are multi cap strategies launched in February 2026, so the choice depends on how their mandates differ, which the Disclosure Document explains. Who manages Vansh Capital PMS? Rahul Jaju, Managing Director of Vansh Capital, is the fund manager. Is Vansh Capital PMS registered with SEBI? Yes. Vansh Capital Private Limited is registered with SEBI as a portfolio manager under registration number INP000009579. Related Reading Portfolio Management Services (PMS) in India: the complete 2026 guide (/insights/pms-india) How PMS works: onboarding, funding, taxation, reporting and exit (/insights/how-pms-works-onboarding-funding-taxation-exit) PMS vs mutual funds above ₹1 crore (/insights/pms-vs-mutual-funds-1-crore-investors) PMS players in India by AUM and vintage (/insights/pms-players-in-india-aum-vintage) Wright Research PMS Review (/insights/wryght-research-and-capital-pms-review) WhiteOak Capital PMS Review (/insights/white-oak-capital-management-consultants-pms-review) Tata Asset Management PMS Review (/insights/tata-asset-management-pms-review) Axis AMC PMS Review (/insights/axis-asset-management-company-pms-review) All PMS reviews (/insights/category/pms) Sources SEBI: registered portfolio managers (https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=10) Association of Portfolio Managers in India (APMI) (https://www.apmiindia.org) Disclaimer: This article is for general informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer/solicitation to invest in any security or PMS strategy. Portfolio Management Services are subject to market risks; please read the Disclosure Document and Client Agreement carefully before investing. AUM, client and performance figures cited are as reported by Vansh Capital in public disclosures as of 31 August 2026, are calculated using the Time-Weighted Rate of Return method, are not verified by SEBI, and individual client returns may vary. Past performance is not indicative of future returns. Strategies, fees and figures may change without notice and should not be construed as a recommendation to buy or sell. Money n Wealth (Predics Fintech Services Pvt Ltd) is an AMFI-registered Mutual Fund Distributor (ARN-121995) and APMI-registered PMS Distributor (APRN-07444); this is not a SEBI-registered investment advisory service. Please consult your financial advisor before making investment decisions.